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Help to Buy ISA - How is a First Time Buyer Defined?


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I have just noticed on the BBC website in the light of yesterday's budget that the government has a help to buy ISA coming out where they will top up a savings account to help first time buyers with their deposit. (if you save £12k they will give you an additional £3k!)

 

Now, I'm not a first time buyer, but my wife has never bought a property and her name isn't on my deeds or mortgage. So, we were thinking of buying a new house anyway and keeping our current one to let out. Could she use the HTB ISA to increase our deposit?

 

According to Martin Lewis the definition is this:

A first-time buyer is someone who does not and has never owned an interest in a residential property, either inside or outside the UK.
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