We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
Lisa Q
Options
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
0
Comments
-
See https://www.moneysavingexpert.com/savings/lifetime-isas/#tip2 for a full explanation of how a LISA works, including payment of interest.1
-
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/
1
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 177K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards