Buying a home with someone else? You can now track your savings progress together with our brand new feature, Housemates. Simply link your Lifetime ISA with your buying partner’s using Housemates to:
Track your combined LISA savings in the Moneybox app
Motivate each other (or compete!)
Get a clear idea of how close you are to your first home
How does it work?
Head to Housemates. Head to your Lifetime ISA account in-app and scroll down to Housemates savings.
Invite your buying partner. Tap Add your buying partner > Invite your buying partner. Enter the email address associated with their Moneybox account.
Look out for an email.
Can I connect with my buying partner if they don’t have a Moneybox Lifetime ISA?
No, you can only use Housemates to connect with buying partners that also have a Moneybox Lifetime ISA account. If your buying partner doesn’t have a Moneybox Lifetime ISA, they’ll just need to open one before your accounts can be linked. Luckily, it only takes a few minutes to do and they can start earning a 25% bonus from the very first deposit.
Explore the Moneybox Lifetime ISA
Important to know
The 25% government withdrawal penalty means that if you withdraw money for any reason other than buying your first home (up to £450,000) or retirement, you’ll pay a government charge of 25% on the amount you withdraw. This means you’ll get back less than you’ve put in. The value of your investments can go up and down, and you may get back less than you invest.