We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Too old for a Lifetime ISA

MoneySavingSheps
MoneySavingSheps Posts: 7 Forumite
edited 16 September 2019 at 8:43PM in ISAs & tax-free savings
I am 40, just too old for a Lifetime ISA, and not eligible for a Help to Buy ISA because I briefly had a joint mortgage 20 years ago, then was bought out by my ex partner, then the housing market exploded and I've never been able to get close to buying property again. Anyway, it means I'm not a first time buyer, so the HTB ISA is out too.

So are there any other options for oldies like me?
Thanks

Comments

  • bowlhead99
    bowlhead99 Posts: 12,295 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Post of the Month
    There aren't really any dedicate savings or investment products for people who have previously owned property and don't currently have any but would like to buy some more - if that's what you're hoping to find?
  • masonic
    masonic Posts: 29,060 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    The Lifetime ISA can only be used by first time buyers to buy property, so if you were under 40 it could only be used for retirement. There are other options for this, such as pensions, which for many people are preferable to a LISA.

    If you are looking for a scheme that will help you as a non-first time buyer to get back on the housing ladder, there are a few, for example Share to Buy and the Help to Buy equity loan.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.6K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.1K Spending & Discounts
  • 246.6K Work, Benefits & Business
  • 603K Mortgages, Homes & Bills
  • 178.1K Life & Family
  • 260.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture