How long do you have to keep the house if bought with a Help to Buy ISA?

benvernon98

I'm planning on buying my first home this year using my Help To Buy ISA which I've been saving in for a few years. I will claim the maximum Government bonus of £3k. However, due to work circumstances I'm not planning on living in this house for very long. My question is how long do I have to keep the house before I can sell it if I bought it using my Help to Buy ISA? 

Alexland

There is no minimum time you need to hold the property but if it's just for a few months then given the time and costs incurred in buying and selling property (and risk of property prices dropping in the short time you own it) are you sure it wouldn't be better renting?

benvernon98

Alexland said:

There is no minimum time you need to hold the property but if it's just for a few months then given the time and costs incurred in buying and selling property (and risk of property prices dropping in the short time you own it) are you sure it wouldn't be better renting?

Thanks for your reply. To clarify, the move won't just be for a few months it will be for at least 3 years.