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  • FIRST POST
    • Abigail1990
    • By Abigail1990 6th Apr 18, 6:56 AM
    • 7Posts
    • 0Thanks
    Abigail1990
    Help to Buy-joint deposit, single application
    • #1
    • 6th Apr 18, 6:56 AM
    Help to Buy-joint deposit, single application 6th Apr 18 at 6:56 AM
    Hi all

    I'm hoping for some advice. I am planning on buying a house through help to buy within the next 3 to 4 months. I am married but he is a foreign national on a spouse visa, and as far as I am aware he wouldn't be eligible for help to buy.

    My question is whether I would be able to apply alone, but use savings for a deposit from a joint account that we have both contributed to?

    Many thanks in advance for your help

    Abbie
Page 1
    • kingstreet
    • By kingstreet 6th Apr 18, 7:19 AM
    • 34,261 Posts
    • 18,599 Thanks
    kingstreet
    • #2
    • 6th Apr 18, 7:19 AM
    • #2
    • 6th Apr 18, 7:19 AM
    You should be able to apply jointly. HTB is not restricted to UK/EU etc.

    There are lenders which would have an issue and those that don't. Get broker help and this is a simple issue to overcome.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
    • Abigail1990
    • By Abigail1990 6th Apr 18, 8:05 AM
    • 7 Posts
    • 0 Thanks
    Abigail1990
    • #3
    • 6th Apr 18, 8:05 AM
    • #3
    • 6th Apr 18, 8:05 AM
    Ah Ok, I assumed because his visa says 'no recourse to public funds' he wouldn't be eligible?
    • kingstreet
    • By kingstreet 6th Apr 18, 8:41 AM
    • 34,261 Posts
    • 18,599 Thanks
    kingstreet
    • #4
    • 6th Apr 18, 8:41 AM
    • #4
    • 6th Apr 18, 8:41 AM
    No. We''re newbuild and HTB specialists and we've done purchases for many on Tier 1, Tier 2 and spouse's visas.

    The public funds exclusion doesn't apply because the money is paid back.

    If you have a look at a PIF, the HTB application, you can see there is provision for UK, EU/EEA, ILR and Other, where you enter nationality and visa type.

    You will have limited lender options but an experienced newbuild/HTB broker will know who they are.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
    • Tallulah_Chicken
    • By Tallulah_Chicken 6th Apr 18, 10:23 AM
    • 25 Posts
    • 8 Thanks
    Tallulah_Chicken
    • #5
    • 6th Apr 18, 10:23 AM
    • #5
    • 6th Apr 18, 10:23 AM
    'no recourse to public funds' essentially means he cannot claim benefits. It doesn't apply to mortgages or HTB.
    • Abigail1990
    • By Abigail1990 6th Apr 18, 10:51 PM
    • 7 Posts
    • 0 Thanks
    Abigail1990
    • #6
    • 6th Apr 18, 10:51 PM
    • #6
    • 6th Apr 18, 10:51 PM
    Thank you! Didn't realise it would be a possibility. How do i find a good broker when the time comes?
    • Abigail1990
    • By Abigail1990 11th Apr 18, 4:35 PM
    • 7 Posts
    • 0 Thanks
    Abigail1990
    • #7
    • 11th Apr 18, 4:35 PM
    • #7
    • 11th Apr 18, 4:35 PM
    Hi, does anyone know whether my husband who is on a spouse visa can open a help to buy isa as the money(bonus) presumably would not be paid back?
    • kingstreet
    • By kingstreet 11th Apr 18, 4:42 PM
    • 34,261 Posts
    • 18,599 Thanks
    kingstreet
    • #8
    • 11th Apr 18, 4:42 PM
    • #8
    • 11th Apr 18, 4:42 PM
    Dunno.

    Ask a provider of such products and see what they say.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
    • c_tyler
    • By c_tyler 23rd May 18, 2:00 PM
    • 4 Posts
    • 4 Thanks
    c_tyler
    • #9
    • 23rd May 18, 2:00 PM
    • #9
    • 23rd May 18, 2:00 PM
    I am on a spouse visa myself and I opened a Help to Buy ISA a year ago. I am still not sure if I can ask for the bonus, as my visa states "no public funds", but I've read from several sources saying I can.
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