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LISA or Help to Buy
Sordello
Posts: 2 Newbie
Hello everyone, was wondering if anyone has any ideas.
Dirst time buyer, with both LISA and Help to buy ISA savings account. When it comes to purchasing considering using just the LISA for my 10% deposit (in order to benefit of 25% from the government).
My question is could the money, saved in the help to buy ISA be used for solicitors fees etc..or will it be exclusively for the house purchase?
Or would it be advisable for to transfer all the money into the another saving account and close the help to buy ISA?
EG:
10k in the help to buy and 20k in the LISA account.
Would transferring the help to buy into a regular account and placing into a higher intest rate/cash isa get a greater gain or leaving in into the help buy with the accumulated interest be better? So that money transferred from the help to buy could be used for solicitors fee etc...?
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