{"id":121843,"date":"2021-09-06T13:00:14","date_gmt":"2021-09-06T06:00:14","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-a-help-to-buy-isa-surplus-be-put-towards-solicitors-fees\/"},"modified":"2021-09-06T14:15:21","modified_gmt":"2021-09-06T07:15:21","slug":"can-a-help-to-buy-isa-surplus-be-put-towards-solicitors-fees","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-a-help-to-buy-isa-surplus-be-put-towards-solicitors-fees\/","title":{"rendered":"Can a help-to-buy Isa surplus be put towards solicitors\u2019 fees?"},"content":{"rendered":"


\nMy son has made an offer on a property and is unsure whether to pay another \u00a3200 into the account Q My son has saved \u00a35,200 in a help-to-buy Isa and has put in an offer for a property with a purchase price of \u00a3126,200. The government bonus of 25% of his Isa savings will work out at a little over \u00a31,300 after the interest he has received from the building society.He has had an offer of a mortgage of \u00a3119,935, which is puzzling because after taking his Isa savings and the government bonus into account, he only needs a loan of \u00a3119,700 to be able to pay the purchase price of \u00a3126,200. The mortgage offer is \u00a3235 more than he actually needs. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Can a help-to-buy Isa surplus be put towards solicitors\u2019 fees?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

My son has made an offer on a property and is unsure whether to pay...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-121843","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vHd","jetpack-related-posts":[{"id":51783,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-i-use-my-help-to-buy-isa-to-buy-a-property-with-my-brother\/","url_meta":{"origin":121843,"position":0},"title":"Can I use my help-to-buy Isa to buy a property with my brother?","date":"April 13, 2017","format":false,"excerpt":"\r I\u2019m not going to live in it, but both our names will be on the mortgageQ I\u2019m 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34314,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mis-buying-warning-over-lifetime-isa\/","url_meta":{"origin":121843,"position":1},"title":"'Mis-buying' warning over lifetime Isa","date":"November 14, 2016","format":false,"excerpt":"\r Former pensions minister Steve Webb questions suitability of the new government-backed Isa which comes with high exit penaltiesA new type of savings account aimed at under-40s and available from next spring could result in a \u201cmis-buying\u201d scandal, a former government minister has claimed.The lifetime Isa (pdf), unveiled by George\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83743,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-keep-my-cash-in-a-savings-account-or-a-lifetime-isa\/","url_meta":{"origin":121843,"position":2},"title":"Should I keep my cash in a savings account or a lifetime Isa?","date":"March 26, 2018","format":false,"excerpt":"\r I\u2019m thinking about buying a property, but I\u2019m worried I\u2019ll face penalties if I decide against it Q I\u2019m originally from Denmark, but moved here five years ago to do my degree. I\u2019ve now finished studying and have started my first full-time job in London. As I\u2019m only in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112720,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/last-minute-surge-in-help-to-buy-isa-applications-reported-by-banks\/","url_meta":{"origin":121843,"position":3},"title":"Last-minute surge in help-to-buy Isa applications reported by banks","date":"November 29, 2019","format":false,"excerpt":"\r First-time buyers urged to claim up to \u00a33,000 of \u2018free\u2019 money before deadlineBanks and building societies are reporting a last-minute surge in applications for a government savings scheme offering people up to \u00a33,000 of \u201cfree\u201d money.The help-to-buy Isa, which helps people save towards a deposit on their first home,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23635,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/labour-attacks-misleading-help-to-buy-isas\/","url_meta":{"origin":121843,"position":4},"title":"Labour attacks 'misleading' help-to-buy Isas","date":"August 22, 2016","format":false,"excerpt":"\r Scheme launched by George Osborne in the 2015 budget criticised for not paying a 25% bonus until the property deal is completedA government-promoted savings account taken out by more than 500,000 aspiring first-time buyers has been dubbed a \u201csham\u201d that has betrayed young people hoping for their first step\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94541,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-i-use-my-lifetime-isa-to-pay-for-legal-and-survey-fees-for-my-flat\/","url_meta":{"origin":121843,"position":5},"title":"Can I use my lifetime Isa to pay for legal and survey fees for my flat?","date":"July 24, 2018","format":false,"excerpt":"\r I am unsure whether I will lose the bonus by withdrawing funds from it Q I\u2019m a first-time buyer in the process of buying a flat with a value of \u00a3130,000. I have \u00a313,750 in a lifetime Isa, \u00a33,000 of which is part of this tax year\u2019s allowance (\u00a3750\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121843"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=121843"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121843\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=121843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=121843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=121843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}