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using LISA funds when being added to a mortgage or joining a re-mortage?

breaktwister
Posts: 7 Forumite


I would like to add my partner, first time buyer with LISA funds, to my mortgage. Can the LISA funds be used and released to me as the "seller"? If not, I understand that a re-mortgage is the same as a full mortgage application, can LISA funds be used upon a re-mortgage?
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breaktwister said:I would like to add my partner, first time buyer with LISA funds, to my mortgage. Can the LISA funds be used and released to me as the "seller"? If not, I understand that a re-mortgage is the same as a full mortgage application, can LISA funds be used upon a re-mortgage?
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/695292/example_of_Investor_model_dec.pdf
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Yes, I am fairly sure that the LISA can be used as part of a re-mortgage application. I am not so sure if it can be used if simply adding the LISA holder to an existing mortgage. In either case I am not sure if the LISA funds can only be released to the mortgage company to bring down mortgage sum, or if it can be released to me as seller of equity.0
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