We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a very Happy New Year. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 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!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
LISA - Marrying into Home Ownership
NightFox
Posts: 14 Forumite
My 18yo daughter has some money that we're looking at putting into either a LISA or a ISA. A LISA seems a good option, but one thing I'm not clear upon - what would happen if in the future, without having used the LISA, she married someone who already had a house? Would she/they still be able to use the LISA for a future house purchase, or would she/they no longer count as a first-time buyer? And would the only options then be to withdraw (with the 25% penalty) or have to sit on it until she reached 60?
0
Comments
-
If they decided to transfer ownership of the property to joint ownership at the Land Registry and/or remortgage it in joint names, then she would fail the FTB test. If they did not and she had no legal claim to the property, then she probably would be able to use the LISA for a future house purchase. Obviously the clearest case is if they buy a home together before marrying.
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.8K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 260K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards