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Am I able to use my LISA towards the house we buy, if the property is over £450,000?

22 February 2022

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Question by Jade

I am a first time buyer with a LISA account buying with my partner who is not a first time buyer. Am I able to use my LISA towards the house we buy, if the property is over £450,000?
Thanks
Jade


Answered by Chloe Phillips

Hi Jade,

Thank you for sending your question in.

First time buyers can use a Lifetime ISA to buy their first home even where the person they are buying a property with is not a first time buyer.

However, I'm afraid the maximum property price to be able to use a Lifetime ISA is £450,000.

You can read more about Lifetime ISAs here - on Boring Money.

Hope this helps.

Chloe