lifetime ISA - how much should I put in it?

Natrc

Hi everyone, apologies for multiple posts in different forums on the same day, just have a lot of different questions. 
Myself and my husband both have LISAs, we currently have £10k (including £2k government bonus) equally split across both accounts. We are going to use the money to buy our first home, and we are looking at a 10% (or possibly even 15% given new advice ive recieved here today) deposit for a price range of 125-200k. 

My question is, obviously all the money that goes into the LISA has to be used for the house deposit (or a pension), we hence need to leave some savings over for legal fees, moving and renovations etc. How much would you put in the LISA? would it be sensible to get them up to 20k (so our maximum 10% for our price range), and then if we buy a house for less than that, just use the 20k for the deposit regardless? If we then want to put a 15% deposit down, would it be more sensible to just add this value in cash from our other savings? I would ideally like a 10% deposit with 90% LTV, and would want to keep the rest of the money aside for rennovations and legal fees etc. Is putting 20k into the lisa sensible for our budget and price range or am I not using it to its full potential?

MX5huggy

As much as possible because you get the bonus. Maybe I’m not following but you can only put £4000 per tax year each into LISA plus the £1000 bonus. 

Having a better LTV is no bad thing. 

Yes you need some free savings for fees and moving costs.