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  • FIRST POST
    • Jelly87
    • By Jelly87 12th Oct 18, 5:14 PM
    • 1Posts
    • 0Thanks
    Jelly87
    Is help to buy ISA worth it in the South east?
    • #1
    • 12th Oct 18, 5:14 PM
    Is help to buy ISA worth it in the South east? 12th Oct 18 at 5:14 PM
    Hello, I'm currently looking into the help to buy ISAs available. The thing I'd like to know is, is it worth getting one as I live in the South East and would need a family home of at least 3 bedrooms which is in the range of 320k+ I know house prices could fall but doubt it would be under the 250k that is needed to get the government bonus of up to 3000. This is obviously beneficial living elsewhere in the country but it doesn't seem likely here? Any advice? Thanks
Page 1
    • eskbanker
    • By eskbanker 12th Oct 18, 5:45 PM
    • 8,225 Posts
    • 9,237 Thanks
    eskbanker
    • #2
    • 12th Oct 18, 5:45 PM
    • #2
    • 12th Oct 18, 5:45 PM
    The Lifetime ISA scheme is more likely to suit as it has a property value limit of 450K nationally and a higher annual contribution cap, but does have to be held for a year before buying and is only available for under-40s.
    • Rich2808
    • By Rich2808 13th Oct 18, 1:13 AM
    • 651 Posts
    • 493 Thanks
    Rich2808
    • #3
    • 13th Oct 18, 1:13 AM
    • #3
    • 13th Oct 18, 1:13 AM
    I did a search for 3 bed houses in Kent on rightmove with a maximum price of 250k. I found over 2,300.

    It's certainly possible but you won't get to live in the most glamorous locations. But the lifetime isa gives you more options.
    • Gordon the Moron
    • By Gordon the Moron 14th Oct 18, 1:19 PM
    • 1,436 Posts
    • 731 Thanks
    Gordon the Moron
    • #4
    • 14th Oct 18, 1:19 PM
    • #4
    • 14th Oct 18, 1:19 PM
    If you're under 40 and can afford to wait a year a LISA is much more likely to suit your needs.

    If you can save enough have a LISA and H2BISA though. You can only claim the bonus on one but top H2BISA rates beat anything else instant access and there's no penalty for withdrawing from them.
    If you don't like what I say slap me around with a large trout and PM me to tell me why.

    If you do like it please hit the thanks button.
    • aj23
    • By aj23 15th Oct 18, 10:42 AM
    • 780 Posts
    • 254 Thanks
    aj23
    • #5
    • 15th Oct 18, 10:42 AM
    • #5
    • 15th Oct 18, 10:42 AM
    A LISA is better, but if you have some money left over, 2.6% on Barclay's HTB ISA would be worth having too.
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