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  • FIRST POST
    • SCO
    • By SCO 11th Sep 17, 9:02 PM
    • 709Posts
    • 143Thanks
    SCO
    Help to buy ir LISA isa's?
    • #1
    • 11th Sep 17, 9:02 PM
    Help to buy ir LISA isa's? 11th Sep 17 at 9:02 PM
    What is better a help to buy or a LISA for saving.
Page 1
    • cjv
    • By cjv 11th Sep 17, 9:27 PM
    • 104 Posts
    • 57 Thanks
    cjv
    • #2
    • 11th Sep 17, 9:27 PM
    • #2
    • 11th Sep 17, 9:27 PM
    Depends on your individual situation really, here is a good starting point to help you decide

    http://blog.moneysavingexpert.com/2016/04/01/the-help-to-buy-isa-v-lifetime-isa-which-should-first-time-buyers-get/
    • binaryuniverse
    • By binaryuniverse 12th Sep 17, 7:52 AM
    • 458 Posts
    • 239 Thanks
    binaryuniverse
    • #3
    • 12th Sep 17, 7:52 AM
    • #3
    • 12th Sep 17, 7:52 AM
    I wouldn't use either for pure saving. If you are buying your first house then it's a simple choice of whether it's going to be in the next year, or not. If it is then HTB would be the one to go for. If not, then a LISA is the better option.
    However, if you end up not buying a house, the LISA does come with penalties for withdrawing the cash, before you are 60. So keep that in mind.

    If you're after a house then spreading the cash across the top, interest paying, current accounts is the way to go.
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