LISA - Marrying into Home Ownership

NightFox Forumite Posts: 12
Part of the Furniture First Post Combo Breaker
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? 


  • masonic
    masonic Forumite Posts: 22,034
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 29 January at 3:02PM
    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.
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