100,000s of Help to Buy ISAs opened in week before deadline - MSE News

Former_MSE_Naomi · 9 December 2019 at 11:43AM

Over 40% of Nationwide's Help to Buy ISA accounts were opened in the final week before the deadline, as a last-minute rush saw over 300,000 applications at the building society alone - but if you missed out, you can still boost your savings with a Lifetime ISA...

Read the full story:
'100,000s of Help to Buy ISAs opened in week before deadline - here's what to do if you missed out'

Click reply below to discuss. If you haven’t already, join the forum to reply.

Rich2808 · 9 December 2019 at 7:40PM

Madness of course - considering the help to buy isa has been available to open for 4 years!

Not sure again why HMRC/HMT couldn't have changed the rules to allow people to continue opening accounts for a while yet considering you have until 2030 to claim the bonus and can pay into existing accounts until 2029. They have extended the help to buy equity loan regime.

This deadline seems to have created a lot of unnecessary bother for account openers (e.g. 16 year olds getting NI numbers) and banks and building societies having huge stress placed on their systems. So ridiculous given the 2029/30 deadline - a decade away!

I doubt the civil servants and George Osborne who set the original deadlines are that impacted though!

100,000s of Help to Buy ISAs opened in week before deadline - MSE News

Comments

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free