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HTB Isa

3 replies

Sparkai · 25/10/2021 10:20

So I think I know the answer to this, but just want to sanity check before doing anything daft.

I have a HTB isa I have been saving in and am coming up to exchange on buying a house, so need to get ready to transfer my money to the solicitor. I am not using the government bonus (house value too high), so it is in effect just a savings account right? So I can just close it and combine with my other savings to get the deposit amount so I am ready to send in one go to the solicitors?

I know it might take a few days to transfer(?), so am keen to get organised before the solicitor needs it

OP posts:
finova · 27/10/2021 14:48

That’s correct. You just close it and transfer the money to your other account.
With Halifax the money transferred between accounts instantly. I need to go into branch with proof of ID to close the actual isa though.

LCDP · 27/10/2021 16:24

If you close it yourself will you be liable for the withdrawal penalty?

finova · 27/10/2021 22:22

We weren’t…

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