Help To Buy ISA - Up to £3000 free to buy a house
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Help To Buy ISA - Up to £3000 free to buy a house

30
Found 15th Feb 2016
Get 25% bonus on a deposit for a house saved in a Help To Buy ISA.
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I have no idea why anyone would vote this cold
Not sure it's a "Deal" but great scheme.
Is a good deal but went live in decemeber to i guess old news for some people.
So just open help to buy isa account and when the time comes your solicitor will claim the bonus? That is not bad.
mrvot

I have no idea why anyone would vote this cold


Lack of detail probably.

Its actually a decent scheme and you can get up to £6000 if buying a house as a couple.
you basically open the account with up to £1000 and save up to max £12000 to benefit the most from it (£3000). only drawback you cannot open another cash ISA while you are saving into this and you can only put £200 a month away so to reach the maximum your looking around 4 years. good idea for young people. minimum you can save is £1600 which gives you £400.
Milev

So just open help to buy isa account and when the time comes your … So just open help to buy isa account and when the time comes your solicitor will claim the bonus? That is not bad.



​according to sources online they should charge no more than £60 to process the application
I got this in December and it's only good if you have 5 years to save. You can only put in £200 a month (and an initial £1,000) so it will take 5 yeas to make up the 12k. I'm planning to get a mortgage this year or next so not that good for me personally.
The only thing you can rely upon the government doing is Anything to keep the housing market moving ever upwards
pinkchick1987

I got this in December and it's only good if you have 5 years to save. … I got this in December and it's only good if you have 5 years to save. You can only put in £200 a month (and an initial £1,000) so it will take 5 yeas to make up the 12k. I'm planning to get a mortgage this year or next so not that good for me personally.


How's it not a good thing? It only takes £1600 (can be saved in 3 months) in the ISA for the bonus to become available. That's £300 given from the government for free. That's £300 more than I was given for my first house.
notos

The only thing you can rely upon the government doing is Anything to keep … The only thing you can rely upon the government doing is Anything to keep the housing market moving ever upwards


Maybe not, the new stamp duty on second property's and removal of tax relief for landlords is going to cause a shakeup over the next 4 years.
Worth noting also is that the (up to) £200 a month has to be paid in via standing order - At least it does with my Halifax H2B ISA
The only guarantee with this 'deal' is that new-buyer houses will increase in price by £3000 - before you buy them!
LesD

The only guarantee with this 'deal' is that new-buyer houses will … The only guarantee with this 'deal' is that new-buyer houses will increase in price by £3000 - before you buy them!



Tell me about it
Just another govt scheme to keep the housing bubble ponzi scheme running.
Wadda

How's it not a good thing? It only takes £1600 (can be saved in 3 months) … How's it not a good thing? It only takes £1600 (can be saved in 3 months) in the ISA for the bonus to become available. That's £300 given from the government for free. That's £300 more than I was given for my first house.



Yeh you're right, £300 is better than nothing, but when you think you have the chance to get £3,000 it's a bit of a downer when you realise you can't unless you can wait 5 years. I was hoping I could stick the 12k in all at once!
Just about to open one as a savings account for my son. Decent interest even without the deposit bonus.
BritishDragon

Just another govt scheme to keep the housing bubble ponzi scheme running.


Keep it going is what I say- my property is sky rocketing. Stay in Europe and let hard-working eastern europeans in to take all the council/ low cost housing from the lazy indigenous chav$, who will be forced to leave my area. All I can see is that 1-bed properties in my area are going for up to £410000. That's nice!!
Wadda

Maybe not, the new stamp duty on second property's and removal of tax … Maybe not, the new stamp duty on second property's and removal of tax relief for landlords is going to cause a shakeup over the next 4 years.


Fair point, if it were not for the projected 4+ million extra people over the next 12 years or so who will require housing and thus bid-up the market values
Can't wait for the interest rates to go up, house price crash on the way. History always repeats itself.
Newmz

Worth noting also is that the (up to) £200 a month has to be paid in via … Worth noting also is that the (up to) £200 a month has to be paid in via standing order - At least it does with my Halifax H2B ISA



That does not apply with Natwest, this is a government scheme, I cant see the Halifax or any other bank/building society putting in their own rules..... you can put in any amount you wish but no more than £200 per month.
superpanda

Can't wait for the interest rates to go up, house price crash on the way. … Can't wait for the interest rates to go up, house price crash on the way. History always repeats itself.



your obviously a Jeremy Corben fan talking crap
luminox

your obviously a Jeremy Corben fan talking crap


Did you mean 'You're obviously a Jeremy Corbyn fan'?
Net migration to the UK, (the difference between immigration and emigration) was 318,000 in 2014. (www.migrationobservatory.ox.ac.uk)
The average household size in the UK is 2.3 people per household.(www.ons.gov.uk). 318,000 / 2.3 = 138,260 homes needed for the immigrants/returners alone per year.
I wouldnt hold my breath while waiting for that crash.
someguy003

Keep it going is what I say- my property is sky rocketing. Stay in Europe … Keep it going is what I say- my property is sky rocketing. Stay in Europe and let hard-working eastern europeans in to take all the council/ low cost housing from the lazy indigenous chav$, who will be forced to leave my area. All I can see is that 1-bed properties in my area are going for up to £410000. That's nice!!


Out of interest whicharea's your area? Sam
Bloody stupid scheme if you actually stop to think about it.

Every first time buyer can get it.

Ergo all it means is that the house you end up buying will just be at least 3K more expensive.

Helps no one but the big house builders.

And I guess folk like me who already own a house (because it'll help keep prices inflated... and consequently out of reach of... first time buyers).

Shaydog

Net migration to the UK, (the difference between immigration and … Net migration to the UK, (the difference between immigration and emigration) was 318,000 in 2014. (www.migrationobservatory.ox.ac.uk)The average household size in the UK is 2.3 people per household.(www.ons.gov.uk). 318,000 / 2.3 = 138,260 homes needed for the immigrants/returners alone per year.I wouldnt hold my breath while waiting for that crash.



Did net migration drop significantly when prices crashed in 2008 then?
dangermoose5

Out of interest whicharea's your area? Sam


South London...Who is Sam??
someguy003

South London...Who is Sam??


Me you goon!

I'm in Orpington, bit cheaper here!
dangermoose5

Me you goon!I'm in Orpington, bit cheaper here!


Well, Sam, you lovely Kent people can have our chavs. Not that you have a choice in the matter- They will be heading your way for cheaper housing whether you like it or not!
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