Questions & answers

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.
  • 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 get in touch with the team and they can get the forms to you to get the process started!

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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.