If you never use your Help to Buy ISA to buy a first home, you will not lose your savings, but you will miss out on the 25% government bonus which can only be used for the purchase of your first home. The money remains your own and you can withdraw it at any time for any purpose.
Hunt & Coombs LLP is a Limited Liability Partnership registered in England and Wales, Registration no. OC320243, VAT no. 120013160. Hunt & Coombs LLP is authorised and regulated by the Solicitors Regulation Authority with Registration no. 443035. A list of members is available at Westpoint, Lynch Wood, Peterborough, PE2 6FZ.
Our indemnity insurer: HDI Global Specialty SE of 20 Gracechurch Street, London EC3V 0BG (Lead insurer), American International Group UK Limited & Starr International (Europe) Limited.
© Hunt & Coombs Solicitors 2025.