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Yes couse, if it's really as easy as doing a few bits of paper work and worst case is the gov bonus don't pay out then it's a no brainer... for some reasons, I had this thought as the back of my head that the money will be tied down for longer, as in I can't just go take it out right now and it'd be a lot of faff etc etc...
When I got sent my conveyancing papers I believe the fees section stated £50 for the solicitors to process the H2B ISA. Looking at my completion statement I don't think they actually charged me. Looking on the gov site at the time, I think there was a maximum they could charge for this process.
It's free money and if you'll gain more in a bonus than in interest earned sitting in a higher rate account then why not do it?