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Lisa Q
billco
Posts: 91 Forumite
Say I put in 4k and the next day I use it to buy a house would I still get the 25%?
One years target for mortgage deposit:
UPDATE: 27k achieved keeping steady grand a month bank
UPDATE: 27k achieved keeping steady grand a month bank
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Comments
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See https://www.moneysavingexpert.com/savings/lifetime-isas/#tip2 for a full explanation of how a LISA works, including payment of interest.1
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12 months.billco said:Say I put in 4k and the next day I use it to buy a house would I still get the 25%?3 -
The bonus is added into the account a month or two after each contribution and the LISA would need to be open 12 months to do a penalty free property purchase.
Suggest you do some top to bottom reading on the terms of this wrapper:
https://www.gov.uk/lifetime-isa
https://www.moneysavingexpert.com/savings/lifetime-isas/
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