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Lifetime ISA (LISA) Query
UnknownTerritory
Posts: 7 Forumite
Hello all
I hope you are staying safe out there.
My partner and I are wanting to get our feet on the property ladder, we have been lookinto into a LISA for savings as have missed on on the chance do do help to buy.
We just have one question and have struggled to find a definitive answer- Does the LISA have to go 100% on the deposit of the property or can it also be used for things like the solicitor cost, stamp duty all the other little bits that come with buying your first home.
We are trying to work out exactly how much to save but also need to be realistic about any other costs that may creep up on this journey.
Many thanks x
I hope you are staying safe out there.
My partner and I are wanting to get our feet on the property ladder, we have been lookinto into a LISA for savings as have missed on on the chance do do help to buy.
We just have one question and have struggled to find a definitive answer- Does the LISA have to go 100% on the deposit of the property or can it also be used for things like the solicitor cost, stamp duty all the other little bits that come with buying your first home.
We are trying to work out exactly how much to save but also need to be realistic about any other costs that may creep up on this journey.
Many thanks x
0
Comments
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All on deposit, that's what I had to doAn answer isn't spam just because you don't like it......1
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That's what I thought, so best to use that just to save for the deposit and then save elsewhere for the rest of the bitsdiggingdude said:All on deposit, that's what I had to do
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Son and daughter in law are using a LISA they have used it to save for deposit and had a separate savings account for solicitor fees etc1
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What can it be used for?
LISA The home deposit and mortgage deposit
HTB - Just the mortgage deposit
thats it0
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