Government to end Help To Buy mortgage guarantee scheme

edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
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edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
I've just seen online that the Help to Buy ISA is coming to an end, what exactly does this mean to people who started to save ... is it basically now useless :(

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  • wjr4wjr4 Forumite
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    The help to buy ISA is not coming to an end. The help to buy mortgage guarantee scheme is due to end in December 2016 anyway. There are lots of 95% mortgages without using this scheme. I've just used Nationwide who offer 95% mortgages. The help to buy ISA is not the same as the mortgage guarantee scheme. The lifetime ISA is due to start next year and you can either keep your help to buy ISA or convert it to a lifetime ISA (depending on when you intend to buy a property as you have to hold the Lifetime ISA for at least a year).
    I 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.
  • Oh okay great, I was worried for a second I thought it meant the whole scheme

    THANKS A LOT! :j
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