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Lifetime ISA
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Chanti3965
Posts: 1 Newbie
I am divorced and no longer have the family home as an asset, my ex-husband brought me out. I had a considerable amount of debt so no longer have that money. Can I class as a first time buyer again with regards to the government Lifetime ISA?
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“First-time buyer” means an account investor who is not, and never has been, a residential property ownerChanti3965 said:I am divorced and no longer have the family home as an asset, my ex-husband brought me out. I had a considerable amount of debt so no longer have that money. Can I class as a first time buyer again with regards to the government Lifetime ISA?
https://www.legislation.gov.uk/uksi/2017/466/regulation/31/made
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No, if you owned a stake in a property before then you can't reinstate first time buyer status - once it's gone it's gone.0
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