LISA 26 January at 2:01PM edited 26 January at 2:06PM in Savings & investments 1 reply 133 views

Barbara230

Can you advise on what happens if two people both with LISA's get together to buy their first property in joint names?  Is the £450k limit still applicable on the property.  Can both use their LISA accounts on the same property?

eskbanker

If both are first-time buyers then yes, they can both use their LISAs towards the same property, but it does need to be valued at no more than £450K, otherwise a 25% withdrawal penalty would be applied.