Using a LISA to buy into partner's house

MartinShaww088

Hello,

My partner already owns her house and we are planning that I will move in to that house soon. Eventually we are planning on remortgaging the house and that I would buy in to also own the house.

My question is can I set up a LISA and use that to buy into her house? It would be the first house I have owned and the house is worth less that £450k

I don't really know how the process of buying into someone else's house works? It seems that you can only use the LISA if you go through a solicitor but maybe we'd need to use a solicitor to add me to the ownership of the house anyway. Anybody know?

Thanks

Martin

eskbanker

Yes, you can do this, as you would indeed need to be engaging a solicitor to conduct the transaction.  You'd need to have the LISA open for at least a year before that, so if 'eventually' signifies longer than that, you'll be fine....