GRcade

Check the t+c's first, usually have to stay with them for a certain time or they ask for the money back.

bigcheez2k3 wrote:Check the t+c's first, usually have to stay with them for a certain time or they ask for the money back.

I hope first direct didn't have any as I just moved from them after about 11 months!

It's normally 6 months.

I was thinking of taking advantage of that £150 switching reward. How much of a hassle was it for you to make the move, Curls?

Oblomov Boblomov wrote:I was thinking of taking advantage of that £150 switching reward. How much of a hassle was it for you to make the move, Curls?

Theres no hassle. Its all backed by the switch guarantee. However as curls has found out, the co op are gooseberry fool

Anyone had any experience using the help to buy isa to purchase their first property yet?

Oblomov Boblomov wrote:I was thinking of taking advantage of that £150 switching reward. How much of a hassle was it for you to make the move, Curls?

The move was fine, you need an hour or so to talk on the phone and listen to all the terms and conditions drivel they have to talk about, but otherwise it's fine.

Glowy69 wrote:Anyone had any experience using the help to buy isa to purchase their first property yet?

No, but I read that you don't get the government contribution until you've completed, which does seems a bit backwards. I understand the reasons but it doesn't seem to help the people who need the initiative the most.

Pan wrote:

Glowy69 wrote:Anyone had any experience using the help to buy isa to purchase their first property yet?

No, but I read that you don't get the government contribution until you've completed, which does seems a bit backwards. I understand the reasons but it doesn't seem to help the people who need the initiative the most.

The government contribution is contingent on it being put towards a qualifying property so they don't give it to you until you have that deal in place.

You can still earn interest on it like a normal ISA though.

Tomous wrote:

Pan wrote:

Glowy69 wrote:Anyone had any experience using the help to buy isa to purchase their first property yet?

No, but I read that you don't get the government contribution until you've completed, which does seems a bit backwards. I understand the reasons but it doesn't seem to help the people who need the initiative the most.

The government contribution is contingent on it being put towards a qualifying property so they don't give it to you until you have that deal in place.

You can still earn interest on it like a normal ISA though.

It was advertised as save £200 and we'll top up £50 to use as a deposit but it's not like that in reality.

You transfer your 5/10% deposit on exchange, but only get the cashback after completing on the sale meaning you need to have the full deposit to start with. The help to buy ISA is therefore really help to pay the first mortgage payment or two as you don't get the money early enough to boost the deposit.

Grumpy David wrote:

Tomous wrote:

Pan wrote:

Glowy69 wrote:Anyone had any experience using the help to buy isa to purchase their first property yet?

No, but I read that you don't get the government contribution until you've completed, which does seems a bit backwards. I understand the reasons but it doesn't seem to help the people who need the initiative the most.

The government contribution is contingent on it being put towards a qualifying property so they don't give it to you until you have that deal in place.

You can still earn interest on it like a normal ISA though.

It was advertised as save £200 and we'll top up £50 to use as a deposit but it's not like that in reality.

You transfer your 5/10% deposit on exchange, but only get the cashback after completing on the sale meaning you need to have the full deposit to start with. The help to buy ISA is therefore really help to pay the first mortgage payment or two as you don't get the money early enough to boost the deposit.

Yes, so I've heard. The massive thundercunts. Funnily enough it doesn't help you to buy anything does it?

Luckily our solicitor will draw down the bonus and deduct it off the bill they send us for the deposit and the fees. thats how they've been doing it since november. George Osbourne lying..well i never. They also altered the wording on their website friday night as the t&c's didn't reflect this.

I didn't realise that. Yeah that's bollocks.

Tomous wrote:I didn't realise that. Yeah that's bollocks.

Thing is the government have got a shitstorm coming their way, osbourne said in his unveiling of said isa that if you had 12000 for a deposit, they would top it up to 15k strawberry floating knobs, and dig a little deeper there are lots of people that have had house purchases fall through due to the hole in their deposit, sometimes after paying legal fees

So if anyone fancies taking HM treasury or a bank to court over it, chances are you'll win, quite convincingly, just by using the name of the account, help to strawberry floating buy

Didn't realise this either ffs.

Thought least Martin Lewis would have spelled this out hes usually good for that kind of thing.

CuriousOyster wrote:Didn't realise this either ffs.

Thought least Martin Lewis would have spelled this out hes usually good for that kind of thing.

I watched his intro to the isa and he does. But it isn't clear. None of it is. It shouldn't be strawberry floating called help to buy. It's basically mis selling straight away. It's not helping anyone to buy anything. I think a lot of people expected the bonus before the deposit was paid. Depending on who you speak to, solicitor wise will say when they draw the money down off the government's website. So erm yeah. Bit of a shitter. Especially for someone who thinks they're using it for the deposit.


And massively underhand then altering their website Friday night.

http://www.moneysavingexpert.com/saving ... A#exchange

This should help. Seems if you're upfront about using the bonus as part of your deposit a lot of solicitors/sellers will adjust things accordingly to help. As the seller will get their money on completion anyway...

Kind of money related.

Revolut debit card or app card you can load money on and get better exchange rates to use overseas.

It's a master card I believe so should be usable most places and the current rates are a few points higher than the post office.

As you load via debit card no fee's at all.

Glowy69 wrote:It's normally 6 months.

http://www.moneysavingexpert.com/news/b ... -bank-tart



Going back to this. I've had my incentive £150 from coop now but I still really dislike their online banking, ap and call lines. So I'm reading through the terms and conditions.

I can't find anything stating a minimum period to hold the account for? Surely now it's in my account, if I go to another bank and do the account switching guarantee, it'll be fine to do? Hell I've only had the account open two months, but from what I can read it'll be fine. Anyone know which part of the usually LONG terms and conditions pages i can find this.

The only thing I can read on the website is this (spoilers for big.)



I feel that I could probably get away with it now I've got the money in my account...but I do worry slighltly about 16.8...but i don't technically 'owe' it to them .

And perhaps a more useful T & S.....http://www.co-operativebank.co.uk/asset ... rTerms.pdf

I think I'll be safe to move from them now.

But I just thought I'd run it by you savvy peeps.

I may join the MSE forums too. This stuff is really starting to interest me, kind of sad, but ya know

I spend a few hours a day on the MSE forums posting and learning.