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    • Home • Advice • Common questions

    What can I use my LISA for?

    11 March 2021

    Question by Becky

    My understanding is you cannot use your LISA on a house you will not live in i.e. a house you seek to rent. If this is correct and this is the first type of house you buy, can the LISA then be used on the first house you purchase for yourself?

    Answered by Boring Money

    Hi Becky, unfortunately it is.

    If you've owned property before you can't use a LISA towards another home purchase. This includes owning a property (or a share of one) that you inherited, even if it was sold straightaway and you didn't live there.

    Hope this helps.

    Answered by

    Boring Money

    Here to help you understand your options and make smart money choices.

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    Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.