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Help to buy ISA - Cash buyer?
w12ee3e
Posts: 142 Forumite
As a cash buyer, am I still able to use my HTBI and claim the 25% bonus? Or, is the bonus only available if I'm purchasing with a mortgage? Property would be within the limit of course.
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Comments
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Has to be with a mortgage.
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Yes, unfortunately the purchase needs to have a mortgage associated with it. Same case with the LISA.
No idea of why taking out a mortgage is necessary. The cynic in me thinks it was added in to the schemes to keep the banks happy.0 -
Presumably because if you can afford to buy a house in cash, you don't actually need help to buy? Similar principle as having an upper property price limit.Countrysider said:No idea of why taking out a mortgage is necessary. The cynic in me thinks it was added in to the schemes to keep the banks happy.0 -
Because if you have the full price in cash then presumably you don't need 'help to buy'...Countrysider said:No idea of why taking out a mortgage is necessary.0
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