Being "creative" with the LISA £450K limit?

studentguy

We are in the same boat, although we're buying a property over 250k outside London, annoyingly had we had the money in a lifetime isa we'd be quids in, but our isa isn't a year old till Nov and we're buying now, so no use. Oh well, we just put it down to being unlucky or lucky I suppose, in that when we started the ISAs being able to buy a 250k house was a dream away, and now due to circumstances changing we're buying a 350k house we never thought we'd be able to afford a few years ago.

So we're just writing it down to one of those things and just counting our lucky stars. It's not all bad re govt assist, the stamp duty changes mean we're saving around 5k, so we can't complain. I'd suggest you give up, messing with figures will more than likely catch you out.

Jane_B

Might be worth just being honest with the sellers, say you need it at £450,000 otherwise you cannot go ahead since your tied to LISA rules. Percentage drop wise, its not that big, so they might be ok with it. If not move onwards and upwards.