Lifetime ISAs guide

Alexland

Well if the property is sold within the estate in advance of the money being shared out then you will never own any of it so will still be a first time buyer.
https://www.moneysavingexpert.com/family/guide-to-probate/

will9hl

Hello all  
I am new to this so apologise if this has been asked before. 
My wife and I are looking at buying our first house/houses. We both have a LISA.
Due to our work (she is a Doctor and I am a Paramedic) we are potentially going to have to be living in two seperate places for a few years so were planning on buying two seperate houses in different cities. We will be using our seperate Lisa accounts to buy the houses, but will be paying both mortgages from our joint accounts. 
I basically want to check to see if this is all above board and allowed before taking it any further. So if anyone knows any reason this would'nt be allowed please let me know  
Will  

masonic

will9hl said:

I basically want to check to see if this is all above board and allowed before taking it any further. So if anyone knows any reason this would'nt be allowed please let me know  
Will  

It's of no consequence which bank account you use to make your mortgage repayments. As long as you both meet the scheme requirements for the home each of you will be purchasing, then there is no problem with what you propose.

jprince12321

Hi,
I've checked over this thread quickly but can't seem to find the answer I'm looking for. 
Me and my partner are both first time buyers, one of us has a life time ISA and the other has a help to buy ISA. Can you effectively 'combine' the both of them to buy together without effecting out entitlement to the 25% bonus?

Sorry if this has been asked and I've missed the thread.

Thanks in advance.

eskbanker

jprince12321 said:

I've checked over this thread quickly but can't seem to find the answer I'm looking for. 
Me and my partner are both first time buyers, one of us has a life time ISA and the other has a help to buy ISA. Can you effectively 'combine' the both of them to buy together without effecting out entitlement to the 25% bonus?

Yes, one can use LISA while the other uses HTB, as long as the purchase complies with the rules of both schemes.

TheTrotsky

Hi, Can anybody explain why the Unity Mutual LISA is not mentioned on MSE? The Unity Mutual LISA is currently offering 1.5% per annum (the same as last year). I've tried contacting MSE on at least two occasions in the past to try and highlight this LISA without response or acknowledgement. Am I missing something obvious? Thanks

grumiofoundation

TheTrotsky said:

Hi, Can anybody explain why the Unity Mutual LISA is not mentioned on MSE? The Unity Mutual LISA is currently offering 1.5% per annum (the same as last year). I've tried contacting MSE on at least two occasions in the past to try and highlight this LISA without response or acknowledgement. Am I missing something obvious? Thanks

If it was a cash LISA it would be listed - however it is a stocks and shares LISA and I don't know if all of these providers are listed on MSE. 

someone

Re the Unity Mutual LISA, it's not clear from the website if capital is at risk (Is there a risk that you might get less back than you put in). One assumes it would be given its a S&S investment but on the other hand they are quoting an interest rate.

masonic

TheTrotsky said:

Hi, Can anybody explain why the Unity Mutual LISA is not mentioned on MSE? The Unity Mutual LISA is currently offering 1.5% per annum (the same as last year). I've tried contacting MSE on at least two occasions in the past to try and highlight this LISA without response or acknowledgement. Am I missing something obvious? Thanks

https://forums.moneysavingexpert.com/discussion/6152061/unity-mutual-lisa

TheTrotsky

grumiofoundation said:

TheTrotsky said:

Hi, Can anybody explain why the Unity Mutual LISA is not mentioned on MSE? The Unity Mutual LISA is currently offering 1.5% per annum (the same as last year). I've tried contacting MSE on at least two occasions in the past to try and highlight this LISA without response or acknowledgement. Am I missing something obvious? Thanks

If it was a cash LISA it would be listed - however it is a stocks and shares LISA and I don't know if all of these providers are listed on MSE. 

Nutmeg, Hargreaves Landsdown and AJ Bell are all stocks and shares LISA.

However, Unity Mutual is neither a cash nor (strictly) a stocks and shares LISA; it's an insurance based product (these are permitted to held within a LISA) which has been structured as, what can only be described as, a "hybrid" i.e. Unity Mutual takes all of the investment risk and most of the potential reward (or loss) and, in return, provides you with guaranteed capital (backed by FSCS) and interest.