Can I use my LISA to buy into my partner's property?
08 February 2022
Question by Ellis
Hi, can I use my LISA to buy into my partner's property?
Answered by Chris Broome
That's a great question to ask and something that a lot of people want to understand.
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 partner’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 with the purchase, and all the best for your future.