Property News · December 18, 2017

Can I keep my help-to-buy Isa even though I've now got a house?


I don’t want to give up my my Halifax Isa as the interest is hard to beat – I’m not sure if I’m breaking any rulesQ I opened a Halifax help-to-buy Isa in December 2015 with £1,000 and have paid the maximum £200 into it every month since. I live in London and recently purchased a house for £500,000, making me ineligible for the government bonus which is capped at houses costing £450,000. I have not closed the Isa as I have accrued £6,000 in regular savings and the initial payment, for which I’m getting a 3.5% interest rate, which is currently hard to beat elsewhere. I received a letter from Halifax shortly after I moved into my property, asking whether the help-to-buy Isa is still the right product for me. My question is: am I breaking any rules by keeping the help-to-buy Isa open after I’ve purchased the house? Continue reading…

Source : theguardian.com
Read more…Can I keep my help-to-buy Isa even though I’ve now got a house?

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