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Contribute towards deposit with LISA?
Z321
Posts: 8 Forumite
If I save in a Lifetime ISA for say, 4 years, at the maximum reward, I'll have a balance of 20k. If the deposit for a house purchase was 25k, could I supplement that with money in a current account to reach the deposit? I'm not currently in this situation, but I imagine in 4 years time or less I'll want to be settling into a property. Just deciding whether a Lifetime ISA is the best option for me.
If a current account is not acceptable, is there any account I can use to supplement and reach the deposit amount?
Thanks.
If a current account is not acceptable, is there any account I can use to supplement and reach the deposit amount?
Thanks.
0
Comments
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You can use money from anywhere to supplement the LISA, there's no requirement that only the LISA can be used for a deposit.1
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