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  • FIRST POST
    • Kajmaniek18
    • By Kajmaniek18 23rd Feb 18, 9:26 PM
    • 4Posts
    • 0Thanks
    Kajmaniek18
    Property over 250,000 but only H2B in place
    • #1
    • 23rd Feb 18, 9:26 PM
    Property over 250,000 but only H2B in place 23rd Feb 18 at 9:26 PM
    After reading Martin's email alert this morning I'm a bit confused about what to do regarding my Help to Buy ISA. Only yesterday my husband and I picked a property we wanted to buy, but it is worth 265,000 and is in Berkshire. Our offer was accepted. Then I realized we will get nothing from the Help to buy because the property's value is over 250,000. When I got the email from Martin I thought there is a hope I will get something from the ISA scheme if I switch within next few days. Is that correct? I have set up Help to Buy ISA in November last year.
Page 1
    • silvercar
    • By silvercar 24th Feb 18, 8:06 AM
    • 37,305 Posts
    • 157,155 Thanks
    silvercar
    • #2
    • 24th Feb 18, 8:06 AM
    • #2
    • 24th Feb 18, 8:06 AM
    Martin's main guide on LISA vs HTB can be found here.

    You are correct that a LISA can be used on purchases up to 450k. There are other rules that may thwart you, in particular you have to have held your LISA for a year to get the bonus.
    • Lolly88
    • By Lolly88 24th Feb 18, 2:06 PM
    • 311 Posts
    • 830 Thanks
    Lolly88
    • #3
    • 24th Feb 18, 2:06 PM
    • #3
    • 24th Feb 18, 2:06 PM
    Don't switch because not only will you not receive a bonus, you will also incur a penalty from withdrawing your money from the LISA before the 1 year anniversary of the account opening. There's no bonus available to you in your current position.
    House Fund - 35078.21
    Currently buying a house
    • Kajmaniek18
    • By Kajmaniek18 8th Mar 18, 2:45 PM
    • 4 Posts
    • 0 Thanks
    Kajmaniek18
    • #4
    • 8th Mar 18, 2:45 PM
    • #4
    • 8th Mar 18, 2:45 PM
    Thank you for all your answers.
    • Crashy Time
    • By Crashy Time 8th Mar 18, 8:46 PM
    • 6,132 Posts
    • 2,359 Thanks
    Crashy Time
    • #5
    • 8th Mar 18, 8:46 PM
    • #5
    • 8th Mar 18, 8:46 PM
    https://www.ft.com/content/633f5bc4-1e2b-11e8-956a-43db76e69936
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