Lifetime/H2B - Being put on deeds

Tombehere

Hi all.

My partner has always wanted to buy her parent's house (which they are currently renting) before buying her own home. However, when me & her have a family home - which for financial reasons I'll likely be buying before she buys her parent's house - we've both said it'd be best that she's on the deed too. 

If she's on the deed to a house, but didn't buy it, would that mean my partner could no longer use a help to buy/lifetime ISA to buy her parent's house?

Thanks

P.s. I'm aware of the risks of me buying a house and putting her on the deed without her financial input in instance of divorce etc, but those aren't to be of concern here

cooldude255220

If she's on the deed to a house, but didn't buy it, would that mean my partner could no longer use a help to buy/lifetime ISA to buy her parent's house?

Correct, she would be ineligible. 

masonic

Tombehere said:

If she's on the deed to a house, but didn't buy it, would that mean my partner could no longer use a help to buy/lifetime ISA to buy her parent's house?

As above, that's correct. It doesn't matter how someone becomes an owner or part-owner of a house, it is the fact that they have at any time owned an interest in property that excludes them from being a FTB for the HTB ISA / LISA schemes.

Why doesn't she just use her HTB ISA or LISA towards your family home when you come to buy that? For a HTB ISA all she needs to contribute is the bonus, and for the LISA she'd need to contribute the total amount withdrawn. I presume she must already have a HTB ISA as these accounts are no longer available for new customers.