New applicants will no longer be accepted for Help to Buy: ISAs. . Have you opened a Help to Buy ISA with us before? Take care of it in this way.
ISAs for new applicants.
Help to Buy: ISA holders as of December 1, 2019
This account is tax-free to help those 16, and older save for a down payment on their first house.
In addition, the government may give you a bonus of up to 25% of your remaining balance if you decide to close the account. Your conveyancer will submit this and utilize it as a credit against the purchase of your first home.
When to Put Down Your Initial Funds
If you opened your account with no initial deposit, you could deposit up to £1,200 in a single calendar month.
If you deposit £100 on the 5th of January, you have until the end of the month, on the 31st, to deposit the whole £1,100. After that, you have until November 30, 2029, to put in as much as £200.
If you opened your account with £1 or more
Your account was considered "open" if you deposited at least 1 pound.
To deposit up to $1,200, you had until November 30. Now, you can pay up to £200 a month until 30 November 2029.
A maximum of a certain amount can be deposited each month.
Up to £200 each month can be put away (until 30 November 2029). Not saving this much is fine, but if you skip a month, you won't be able to catch up with the following one.
An ISA Renewal
If you don't contribute to your Nationwide ISA during a tax year, you'll need to fill out an ISA renewal form the following year. If you do, the transaction will succeed.
Internet Bank is the quickest option to finish the form. You can immediately sign up for Internet Banking if you still need to.
Transferring funds from an existing ISA
Your Help to Buy: ISA can accept transfers from other ISAs. However, transferring savings will still count towards your £200 monthly payment limit.
Use our online or mobile banking app to withdraw money from your Nationwide ISA. You can use these credentials to transfer funds from an ISA held at a bank other than Nationwide:
Investment in additional cash ISA products offered by Nationwide
You can contribute to your Help to Buy: ISA and any other cash ISA products nationwide offer within the same tax year. The Nationwide cash ISA is subject to this rule as a portfolio ISA. You contribute to a single portfolio cash ISA even if you invest in multiple Individual Savings Account products. To avoid going over your yearly ISA limit, it's important to keep track of your cash ISAs, including your Nationwide Help to Buy: ISA.
Pursuing the government's incentive 
The government incentive is customarily provided between exchange and completion.
When you’re ready to buy a house, let us know so we can close your Help to Buy: Without this, you will not be eligible to get your bonus. If you're qualified for a prize, your conveyancer will apply for it after receiving it. This bonus must be requested by December 1, 2030.
For how long can you request the bonus
Within 12 months of the account's closing date, your conveyancer can apply to receive the incentive. The deadline to submit a bonus claim is December 1, 2030.
Some other requirements must be met to receive the bonus. 
To receive the incentive, you must qualify as a "First Time Buyer," as defined by the scheme. Even though you've never had a home of your own before, you're about to become a UK homeowner (either on your own or jointly).
You will use the money you receive from selling another home or property you own outright, either temporarily or permanently, to finance the purchase of your new home, and you will live in the home you are buying (unless you are in the Forces and unable to do so)
If your home purchase falls through, what to do?
Your conveyancer will issue a "Purchase Failure Notice" if the sale of your property falls through. As long as we provide a suitable product, you can create a new Help to Buy: ISA with us within 12 months after closing your previous one. The leftover sum from your prior Help to Buy: ISA is your maximum contribution.
