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Martin Lewis - Help-to-Buy VS Lifetime ISA

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What about if you are buying a shared ownership property over 250k but buying only a share?
Comment from : @danieldacosta8092

She be my help for you people with special needs adls to get the home in norfolk with is the help to buy to are you on home
Comment from : @Laura-ki4wf

Slightly misleading, you can only transfer 4000 so if your h2b ISA is over the 4000 limit it will take 2 years to transfer the full amount if under 8000, just found out to my detriment
Comment from : @lilkeysy83

Are these rules still the same in December 2021 ?
Comment from : @ToxicVaccines_HivHoax

You’ve got to love this guy!
Comment from : @sa4540

Can you have both lifetime and help to buy at the same time?
Comment from : @Charlie_Claydon

But isn't all these schemes just a loan ? Like ots not a gift from them you have to repay them? Or they own equity in your house? Or ? I'm confused my girlfriend took one out thinking its just a gift bonus towards helping and I said to her im sure you will have to pay the money you get given from the government back
Comment from : @Danimaz3211996

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Comment from : @ynfedsvotnfgd2340

I’m sad I didn’t get to open a help to buy isa
Comment from : @Cazziey

I put £1 in my lifetime ISA On February 2020 Does that mean I have to wait now until April 6 2021 to get the bonus or until February 2021?
Comment from : @calebbrookes7896

This dude’s good 👍🏽
Comment from :

Are lifetime ISAs and help to buy ISA only applicable when buying a new build, a brand new house or flat? Or can i use them to buy old properties as long as am a first time buyer?
Comment from : @vinabb4999

I appreciate how transparent and charismatic Martin is when delivering these topics My financial hero 😍
Comment from : @sherrifaowusu6743

Can you use this for a first time property if you build or purchase a property in the USA in the future if I’m from the UK?
Comment from : @kelseymcgregor5539

I currently have a barclays help to buy isa Am I best transferring this over to a Lisa ? I'm in my mid 20,s
Comment from : @danielbrunskill2361

So confusing
Comment from : @gavinburnes6344

Poor people savings such a joke
Comment from : @desmondalloffo7915

I think I will stick with help to buy ISA
Comment from : @11Alisher

I'm an idiot becausebrI put £20 in a help to buy ISA
Comment from : @J276

The money box lifetime isa currently has the highest interest rate of 14 and you can manage your account on the app
Comment from : @aminamaradesa9778

Very clear
Comment from : @yingwang8743

0:46 - Hmm, are u allowed to open both? 💭💭💭 - @Acharich
Comment from : @acharich

Could you get either of these if you have gone bankrupt?
Comment from : @F23463

ISA JAR JAR BINKS
Comment from : @cloroxbleach175

Don’t whatever you do give your money to a bank now Buy a bit of gold The banks are crashing right now
Comment from : @markgoddard2560

So can you have both??
Comment from : @rossmaclean3405

yes but Martin you was say a month back help to buy isa and now you saying both make your mind up what is best
Comment from : @adamkhan4413

Great video except it's missing the withdrawal penalties Help to Buy ISA has no withdrawal penalty, LISA has a 6 withdrawal penalty before age 60 (you lose the 25 bonus with both of course)
Comment from : @AbdulAminGani

An important difference is that you can withdraw money from you Help to buy ISA at any time and use it for anything you want On the other hand, if you want to withdraw money from a Lifetime ISA and it's not for buying your first home and you're younger than 60 they will charge you 25 of your withdrawalbrAlso, interests of Help to buy ISAs are higher
Comment from : @moray33

Hi, thanks for all this So I spoke with Barclays and they said I cannot have a Help To Buy ISA and a Life Time ISA at the same time, I explained your suggestion of opening one to get the clock ticking but they said I couldn't! So am I miss understanding this?
Comment from : @bradparsonsmusic

so can you withdraw from the lifetime ISA once you've saved enough for a deposit?
Comment from : @Alex-bf7mc

This is a great way of explaining these both - I wish I had realised that Martin had done a video on the same topic I have just done a video on !! WHOOPS - cannot compete with a PRO :(
Comment from : @EuanCopeland

I've got a help to buy isa and I spoke to a manager in NY bank and they said I would have to live in the property for 6- 12months before I could rent the property out and change lenders to a buy to let
Comment from : @shvlogs2261

I think I'll change my help to buy to a life time isa, I would prefer to be able to hand over my deposit at exchange of contract as oppose to completion of sale
Comment from : @LevelUP84

Call it a lifetime isa but isn’t lifetime 😳
Comment from : @Xc-rose

Don’t invest in anything with less than a net return of 25! If you do you’re not even beating inflation
Comment from : @marcwareham9351

Can I have a help to buy ISA and a LISA? And benefit from the bonus of both of them when I buy a house?
Comment from : @kcubed4

With the Lifetime ISA, is it only for renting a house or actually buying it?
Comment from : @oliviabray7503

Hi am 26 haven't started saving yet, I'm looking into a life time isa to buy a save for a house, are the risks worth it?
Comment from : @nicolawoods2886

can i rent home with LISA?
Comment from : @karinamanning9592

Also Skipton seem to be only company that are offering a somewhat normal lifetime ISA that is described on internet, however this cannot be joint Does that mean if I was to buy a house with someone in the future we couldnt join our lifetime ISAs together for a house deposit?? Thank you
Comment from : @avbuckingham

me and my girlfriend saved into a help to buy ISA Great untill we went to use it and due to our house being over £250,000 meant you we couldn't use it brbrI guess we should of read the all the details Luckily for us they dropped the stamp duty for first time buyers which saved us nearly £4000
Comment from : @techclub8528

Is this really the case, if I open a LISA I only have a year to transfer my Help to Buy ISA savings into it Once that year has passed I can never transfer it over to it?
Comment from : @TheRicksta87

Can you use your LISA for your house deposit as well as your mortgage? Cheers
Comment from : @WillHartshorn

If I've already got more than £4k in a help to buy isa and will be buying a first house quite soon, is there any point in me transferring it into my Lifetime ISA? Because I will get a 25 bonus on the help to buy anyway, (which would equate to more than the £1k LISA bonus)? Thanks, Rob
Comment from : @therobsterisalobster

More info for polish people : wwwstokeontrent24couk/help-to-buy-isa/
Comment from : @GrzegorzDudek1990

From Skipton Building Society's (the only provider for a cash LISA) website under 'Can I withdraw my money?' - 'From tax year 2018/2019, withdrawals or account closures will normally have a government charge of 25 of the amount withdrawn Sections A and B in the Online Cash Lifetime ISA Key Features document which explain why you may get back less than you paid in and exceptions to the withdrawal charge' 2 years of savings £8000 topped up to £10,000 by gov, charged £2500 to withdraw so you get back less than you put in
Comment from : @jennashiels

'As long as you've got 16,000 in there you can use it towards the mortgage deposit straightaway' - is that correct? I thought if you only have 4,000 in there, but you were putting down the deposit and getting a mortgage you'd be able to use the Help to Buy ISA?
Comment from : @charlottefountaine7910

Hi, so if i was to open a life time isa now would i have to wait for 2 years before gaining the benefit?
Comment from : @T-ROY90

so I'm a Brit but expect to buy my first home in Norway since my fiancé is Norwegian Does that make this a waste of time for me?
Comment from : @rroorryyjj

what are the risks of using a lifetime isa?
Comment from : @gavinHallx

so if I open a help to buy ISA tomorrow 21st June and I open a lifetime ISA on the 25th June I could take the £850 profit on 21st June 2018 and transfer money on 22nd June 2018 to my lifetime ISA and pick up that extra grand??????
Comment from : @davidashcroft5602

Can a parent open a either one of these for their children?
Comment from : @Audacity69

Great summary Martin, don't really watch MSE's content but the transfer rules were well explained both on the article and video
Comment from : @stuartedwards5536

Can a couple both come together on a mortgage and both use their bonuses?
Comment from : @Markjonathan

Great video Martin, extremely clear and enthusiastic :) Which Lifetime ISA providers would you recommend? From what I've read so far only 3 firms have agreed to offer the Lifetime ISA (Hargreaves Lansdown, Nutmeg and The Share Centre) is it worth holding out or would you get started with saving asap?
Comment from : @Michael_Tierney

If I open a stocks and shares LISA now with £1 to "start the clock" can I switch to a cash LISA later in the year or will that restart the clock?
Comment from : @JamesPursehouse

Hi MSE, I have a H2B and could move it to a LISA, but this would happen after the April date mentioned On the numbers and allocation side, what does this mean for the transition? Less bonus?
Comment from : @charleybaker123

I'm sure Martin hasn't got to worry about these kind of things like the rest of us 😔
Comment from : @jadeyfamous

Am I right in thinking that if I have more than 4000 in my HTB ISA at the time I transfer, I would lose the bonus on everything above that? Would I be able to transfer in the full amount?
Comment from : @GasManLS7

Well I'll be transferring to LISA come 6th April!
Comment from : @JayWadeOnline

Excellent explanation, just a shame that no one seems to be offering a cash LISA So far only Hargreaves Landsdown and Nutmeg are offering stocks and shares LISAs so I hope this changes soon!
Comment from : @EllsBells57

Can any body tell me what's best way to save for your retirement
Comment from : @7861hotcakes

If you have a HtB ISA aren't you better opening a LISA for retirement and using the HtB to buy? Can you get both bonus' that way?
Comment from : @ashleycusack1876

Are all the banks rolling out the Lisa at the same time??
Comment from : @benaspin9072

Are the penalties for early withdrawn the same on both thought you might have mentioned that?
Comment from : @danielsloan20

This makes everything so clear, you're excellent! I rang Hargreaves and Lansdowne today and they said it'll be a £100 opening deposit for a lifetime ISA Not too bad but not as good as £1 sadly!
Comment from : @gemmajade81