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Transfer from HTB ISA to LISA or can I have two ISA?
bobdilan
Posts: 4 Newbie
Hi all,
I'm not sure where to post this, so apologies if this is the wrong place. I have a HTB ISA which I've been paying into for a while now, around £5,800 added in. However, I was hoping to buy a property much sooner and would have gone for the LISA if I had known. My situation now is I'm likely to buy now around September 2019, but wondered if it might be better to open a LISA and wait 12 months (so Jan 2020) to buy somewhere.
My question is, would I be able to use the contributed funds from both ISAs? I understand the bonus' would only be added from one ISA and after completion but is it still possible to use both to contribute towards the mortgage deposit? I could transfer over £4000 as a lump sum but would be missing out on the £1800 which I've put in?
Thanks
Bob
I'm not sure where to post this, so apologies if this is the wrong place. I have a HTB ISA which I've been paying into for a while now, around £5,800 added in. However, I was hoping to buy a property much sooner and would have gone for the LISA if I had known. My situation now is I'm likely to buy now around September 2019, but wondered if it might be better to open a LISA and wait 12 months (so Jan 2020) to buy somewhere.
My question is, would I be able to use the contributed funds from both ISAs? I understand the bonus' would only be added from one ISA and after completion but is it still possible to use both to contribute towards the mortgage deposit? I could transfer over £4000 as a lump sum but would be missing out on the £1800 which I've put in?
Thanks
Bob
0
Comments
-
Duplicate post, answered on original post:
https://forums.moneysavingexpert.com/discussion/5371330/help-to-buy-isa-guide&page=83#16420 -
Sorry I wasn't sure where the best place to post my question was. Shall I delete this thread?0
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