Can I use a Lifetime ISA if I get a joint mortgage with someone who's not a first time buyer?

Katie | Kent| 14/03/2019 | 11

  • Lifetime ISA
  • Mortgage

Katie's question in full

Can I use a Lifetime ISA if I am a first time buyer, but I will be getting a joint mortgage with someone who is not a first time buyer?

Helena Wardle's Response

Hi Katie,

Good question, and one that often causes confusion with the Lifetime ISAs.

The simple answer is yes.

You can save into a Lifetime ISA and use your LISA savings towards the deposit for the purchase, as you meet the eligibility criteria as a first time buyer.

Your partner would not be able to use the LISA as a savings vehicle for their share of the deposit, but that doesn’t impact on your plans to buy together, or your ability to take advantage of the 25% government bonus offered by a LISA, for your share of the deposit savings.

I hope this makes sense.

Kind regards,




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Our Expert


Helena Wardle

Helena is based at Smith and Wardle Financial Planning in Hitchin, Hertfordshire. She began her career in financial services in 2006 at the Nationwide Building Society and started advising clients in 2008. She's a Chartered Financial Planner with experience providing regulated financial advice on everything from mortgages to estate planning. She’s also a qualified pension transfer specialist and all-round good sort.

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