Site Logo
Site Logo

If my partner remortgages the house their own with me, can I use my life time ISA towards this to be put on to the deeds of the house?

06 July 2022

Got a question?We'll put your question to our panel of helpful advisers

Question by E

I have a lifetime ISA and my partner owns their house outright with no mortgage outstanding. If they remortgage with me can I use my life time ISA towards this to be put on to the deeds of the house?


Answered by Chris Broome

Hi there,

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 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.