Help to Buy ISA guide
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As above and remember the HTB ISA money can be partially or completely withdrawn if required without penalty if you need to use the money to meet your other commitments. With a good rate of interest you really have nothing to lose by using the account.0
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Hi All,My youngest daughter and her partner are looking to buy our 'buy to let' property as their first house. So a few questions:
I know it's a bit late in the day but would it be worth both of them taking out a Help to Buy ISA. They'd probably be looking to buy the property after Christmas. They have savings but they're just sitting in normal accounts. I think they could both save £1200.00 in month 1 and then £200.00 each until after Christmas.
We are looking to 'gift' them the deposit. If we did that could they also use the Help to Buy ISA to increase the deposit? What I'm basically asking is, is there a way they can they get the 25% bonus plus a 'gift' deposit off us?
Hoping you can help.0 -
We are looking to 'gift' them the deposit. If we did that could they also use the Help to Buy ISA to increase the deposit? What I'm basically asking is, is there a way they can they get the 25% bonus plus a 'gift' deposit off us?
But in general there is no issue with gifted money being used together with HTB ISA / LISA bonus money.0 -
Apologies if it's covered elsewhere.
My Mum (who is alive and well!) transferred her house to myself and my sister's name. I have never bought a property before myself.
Would I still qualify to use a Help to Buy ISA?0 -
NorthLondon wrote: »Apologies if it's covered elsewhere.
My Mum (who is alive and well!) transferred her house to myself and my sister's name. I have never bought a property before myself.
Would I still qualify to use a Help to Buy ISA?0 -
I've had a look through the thread, but it's very long and I couldn't find an answer to my question, so here goes:
I bought a home several years ago, but recently I had a very vivid dream in which I never owned a property. Will I now qualify to use a Help to Buy ISA?0 -
I bought a home several years ago, but recently I had a very vivid dream in which I never owned a property. Will I now qualify to use a Help to Buy ISA?
By this logic I could argue the National Lottery owe me £60m because I dreamt I won the Lottery multiple times in dreams. But I suspect I would get sod all.
If its a serious question then no you do not qualify because in reality you have bought a house and H2B is for people who have never owned property. Unfortunately dreams and their content do not qualify for H2B purposes0 -
Neil_Jones wrote: »By this logic I could argue the National Lottery owe me £60m because I dreamt I won the Lottery multiple times in dreams. But I suspect I would get sod all.
If its a serious question then no you do not qualify because in reality you have bought a house and H2B is for people who have never owned property. Unfortunately dreams and their content do not qualify for H2B purposes0 -
As a new member of the site, thanks guys for the warm, constructive, non sarcastic welcome and showing me what a nice community you are.
As suspected though it's probably better to seek out advice from more official sources in the future. Cheers and enjoy that 1000th post about meal prep. Bye0 -
Can't find this answer anywhere so just wondered if someone could help me out.
I already have a Help to Buy ISA and just wondered if I could open a Stocks and Shares ISA in the same tax year?
Thanks in advance.0
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