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Am I counted as a first time buyer?
dr_del
Posts: 75 Forumite
Hi,
I recently inherited my fathers house ( value currently around 40k as it is in the west coast in a small town ) but I rent a flat in edinburgh.
I also got a cash sum of around 60-70k.
Would I be able to save in one of the "help to buy" schemes?
I also got a cash sum of around 60-70k.
Would I be able to save in one of the "help to buy" schemes?
Not sure it would out perform a regular stocks and shares ISA but figured it wouldn't hurt to check?
del
0
Comments
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Anyone under 40 can open a Lifetime ISA but only those who haven't owned a stake in a property can benefit from the 25% bonus for property buyers, although you could save there for retirement.
You may be eligible for the HTB equity loan scheme if buying a newbuild before the scheme finishes - if doing so in Scotland then you need to check info and eligibility at https://www.mygov.scot/help-to-buy/1
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