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Help to Buy ISA cost cap with Help to Buy equity loan scheme.
I have looked around the forums quite a bit and haven't managed to find the answer to this, hopefully some of you helpful lot will know the details.
Both me and my girlfriend have a Help to Buy ISA which gives 25% on top of the total savings up to 12k on a property up to 250k, I know the Help to Buy ISA can be used with a Help to Buy loan scheme but what I don't know is if the 250k limit applies to the total value of the house or only the 80% on a Help to Buy loan scheme as the government loans the other 20% therefore enabling us to buy a house which has a total value of over 250k.
Where we live a 250k won't really do for our needs however if the 250k limit only applied to the 80% before the government loan this would work out perfectly.
Many Thanks in advance.