Help to buy ISA

[Paulcox74]

Hi,

My wife has a help to buy isa she was going to use to purchase a property. The rest of the funds will come from a recent inheritance and I was going to take some money out of my mortgage to cover the rest.

I note the help to buy isa rules state you have to have a mortgage but does it necessarily have to be on the new property you are buying? Suspect the answer is yes but thought it's worth checking as the scenario above works out slightly better for us.

Thanks in advance.

Paul

[maths]

Read this:

https://www.gov.uk/government/uploads/s ... idance.pdf

Para 3.11 reads: "Given that the Help to Buy: ISA is designed to help first time buyers get onto the housing ladder,"