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Help to Buy ISA over £250000 with someone else
StevieG0812
Posts: 1 Newbie
Myself and my friend are looking to buy a property around £400000 mark. I have the help to buy ISA and they don't. We're both first time buyers.
My question is whether I can still get my help to buy ISA bonus if my share of the property is still less than £250000 (i.e £200000) even though the total property value is £400000?
My question is whether I can still get my help to buy ISA bonus if my share of the property is still less than £250000 (i.e £200000) even though the total property value is £400000?
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Comments
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Yes you can use your help to buy ISA,s towards the purchase of the property.
You are both buying a £400,000 property and taking a joint mortgage on the property.
You might wish to agree a deed of trust if you are providing a large deposit and your friend is not
Something you need to discuss with your solicitor0 -
Unless you are buying in London the help to buy ISA cannot be used towards a property worth more than £250,000.
Unless the OP is in London this is not correct. You cannot use the help to buy ISA bonus towards a property worth more than £250,000 even if your share is less than £250,000.dimbo61 said:Yes you can use your help to buy ISA,s towards the purchase of the property.
You are both buying a £400,000 property and taking a joint mortgage on the property.
You might wish to agree a deed of trust if you are providing a large deposit and your friend is not
Something you need to discuss with your solicitor
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Completely incorrectdimbo61 said:Yes you can use your help to buy ISA,s towards the purchase of the property.
You are both buying a £400,000 property and taking a joint mortgage on the property.
You might wish to agree a deed of trust if you are providing a large deposit and your friend is not
Something you need to discuss with your solicitorI am an Independent Financial Adviser (IFA). Any posts on here are for information and discussion purposes only and should not be seen as financial advice.0
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