We'd like to remind Forumites to please avoid political debate on the Forum... Read More » 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!

Life Time ISA

Options

cityzen

cityzen Posts: 1 Newbie

2 March 2020 at 12:44PM in ISAs & tax-free savings

My son has a lifetime ISA. Can he use it to buy a property with his partner if she has previously had a mortgage without experiencing penalties?

0

Comments

eskbanker Posts: 37,384 Forumite

2 March 2020 at 2:23PM

Yes, as long as he hasn't owned a stake in a property (and provided the purchase complies with all other scheme rules of course).

0

This discussion has been closed.

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

Categories

All Categories
351.2K Banking & Borrowing
253.2K Reduce Debt & Boost Income
453.7K Spending & Discounts
244.2K Work, Benefits & Business
599.3K Mortgages, Homes & Bills
177K Life & Family
257.6K Travel & Transport
1.5M Hobbies & Leisure
16.2K Discuss & Feedback
37.6K Read-Only Boards