Stocks and shares ISA or Help to buy

Benshiolou12

Hi all, just want a little bit of advice please.
 I have quite a decent amount of money saved up in a HTB isa but it’s only earning me 1% interest and I feel the money is sitting there being wasted apart from the 25% bonus but I’m pretty sure this is only on houses up to 500k and I live in London and will end up buying a house worth more than that because of London prices! I’m thinking of withdrawing it all and putting it into a stocks and shares isa to earn me more money and potentially end up with more money after a few years when I’m ready to buy. I just wanted some advice if this is a good idea or not ? I understand stocks and shares isa’s can go up and down and it’s a risk. 

eskbanker

The HTB ISA property price cap in London is £450K, but if you're sure that you wouldn't be buying below that then yes, no point in sticking with an HTB ISA.

However, a S&S ISA does indeed entail risk, so isn't likely to be a good idea unless you won't be buying until, say, 2030, to allow time for recovery from poor years (like last year).

Benshiolou12

eskbanker said:

The HTB ISA property price cap in London is £450K, but if you're sure that you wouldn't be buying below that then yes, no point in sticking with an HTB ISA.

However, a S&S ISA does indeed entail risk, so isn't likely to be a good idea unless you won't be buying until, say, 2030, to allow time for recovery from poor years (like last year).

Thank you mate 👍🏻