I’m not going to live in it, but both our names will be on the mortgageQ I’m wondering if you could give me some help-to-buy advice. I have a help-to-buy Isa and so does my brother. We both want to get a mortgage together as we cannot afford to buy otherwise. I wanted to ask whether I would be able to use my help-to-buy Isa if I don’t live in the property with my brother? My brother would live in the property with his family. However, the mortgage would be in both our names. Any advice you can give would be very much appreciated. PJA It is a key requirement of the help-to-buy Isa that to qualify for the 25% bonus that the government adds to your Isa savings when you buy a property, you must live in it. You must also be a genuine first-time buyer, the property you buy must cost £250,000 or less (£450,000 or less in London), be purchased with a mortgage and be the only home you will own. Continue reading…
Source : theguardian.com
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