Lifetime ISA vs Help to Buy ISA - ROUND 2
So the headline of this week’s battle is that Lifetime ISA allows you to buy a property with a value of up to £450k ANYWHERE IN THE UK, whereas the Help to Buy ISA allows you to buy a property with a value of up to £450k IN LONDON and only £250k elsewhere in the UK.
For this reason we’ve got to give the round to Lifetime ISA.
So anyone looking to get a freebie from the Government to help buy their first house should probably consider where they’re looking to buy and what ballpark house value they are wanting. Infact, hang on, is there any reason you’d use the Help to Buy ISA in terms of the value of property you can buy?….
Buying Inside London
Over £250k - Either product
Buying Outside London
Over £250k - Lifetime ISA
Q. ever wondered what counts as London?
A. all 32 London Borough’s plus the city of London
Let’s see how the Help to Buy ISA fairs in round 3 next week!