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    • Home • Advice • Common questions

    Help to Buy ISA: If I own 50% of the property, do I get the additional government amount?

    09 January 2023

    Question by Amelia

    I’m buying a property with a partner for more than £450k (in London). I have a Help to Buy ISA with the maximum in for 25% benefit. If I own only 50% of the property (which is £450k), do I get the additional government amount?

    Answered by Samantha Secomb

    Hi Amelia,

    The total value of the property must not exceed £450k.

    If two people were jointly purchasing a property, both parties can use their own individual Help to Buy ISAs but the total value of the property is limited to £450k, (not 2x £450k).

    I hope this answers your question.

    Regards

    Answered by

    Samantha Secomb

    Chartered Financial Planner, FPFS

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