We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
Using LISA when porting onto a mortgage
Options
SJ93
Posts: 1 Newbie
I've been putting money into a LISA for a deposit for my first home, I intended to buy my own property in a few years once i had saved up enough. Fast forward... I'm now living with my partner who already has their own property, we are looking to port me onto the mortgage within the next month. Would i be able to use my LISA as a deposit or would i have to take it out with the withdrawal penalty?
Any help would be greatly received!
Any help would be greatly received!
0
Comments
-
@sj93 The government guidance suggests that it is possible. This thread might help
I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.8K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.4K Spending & Discounts
- 243.7K Work, Benefits & Business
- 598.5K Mortgages, Homes & Bills
- 176.8K Life & Family
- 256.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards