We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Have both HTB & LISA - issues?
jemima82
Posts: 70 Forumite
Hello, I hope somebody can please advise on this. I have a Help to Buy ISA which I planned to use with the bonus as a FTB, before learning about the Lifetime ISA.
I opened a LISA almost 12 months ago and will use this for my mortgage deposit.
I know I can’t claim the HTB bonus but have continued to put in £200 pm for the interest.
My question is - I hope to buy after the LISA reaches its 12 month anniversary in January. Re proof of funds, will it make a difference if I leave the HTB balance where it is until needed, or should I withdraw to my bank account now?
I’m worried that it could cause confusion to have both (even though I can explain that I will only be trying to claim bonus on the LISA).
I opened a LISA almost 12 months ago and will use this for my mortgage deposit.
I know I can’t claim the HTB bonus but have continued to put in £200 pm for the interest.
My question is - I hope to buy after the LISA reaches its 12 month anniversary in January. Re proof of funds, will it make a difference if I leave the HTB balance where it is until needed, or should I withdraw to my bank account now?
I’m worried that it could cause confusion to have both (even though I can explain that I will only be trying to claim bonus on the LISA).
Any advice would be much appreciated, TIA
0
Comments
-
Given you can make a penalty free withdrawal from the HTB I don't see why it would be an issue that part of your deposit is in there.1
-
No issue at all, you are just using h2b as a saving account, solicitor will know as you won't be asking them to do the paperwork to claim the bonusAn answer isn't spam just because you don't like it......1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.9K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards