Can I use my Lifetime ISA if the mortgage taken for my first home is in my husband's name only?

14 June 2022

Question by Olga

Can I use my Lifetime ISA if the mortgage taken for my first home is in my husband's name only and not joint?


Answered by Chris Broome

Hi Olga,

That's a great question to ask.

The Lifetime ISA (LISA) rules allow the full value of the LISA to be used towards the purchase price of your first residential property in the UK.

This includes when the purchase is being made as a joint owner with another person who may already own the property.

So, yes, as long as you are a first-time buyer, you can buy a share of your husband's property.

Your conveyancer must give the LISA manager (the bank or building society it is with) all the details before the withdrawal is made.

I hope that all helps. Good luck and all the best for your future.

Kind regards

Chris Broome

Answered by

Chris Broome

Chartered Financial Planner

My name is Chris Broome and I own a wonderful fixed-fee and independent financial planning practice called Longhurst.