Lifetime Isa

How can I use my Lifetime ISA to buy my first home?

You can use the amount saved in your Lifetime ISA towards your first home if:

  • The property costs £450,000 or less.
  • You buy the property at least 12 months after you open a Lifetime ISA. Your LISA is considered open from the date of your first contribution into the account.
  • You use a conveyancer or solicitor to act for you in the purchase. Moneybox will pay the funds directly to the conveyancer or solicitor.
  • You’re buying with a mortgage (using a buy to let mortgage is not permitted).
  • You have never owned a property before. This includes properties in the UK or in any other country. If you owned a property, or a share of one, through inheritance this counts as owning a property.

Once you’re ready to buy, just head to Settings > Withdraw > LISA at least a few weeks before you expect to complete to provide us with your solicitor’s details and get the process started! Looking for a mortgage? Our Moneybox Mortgages team may be able to help!

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It's important you know

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest.

Risk Warning
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