Lifetime ISA

Chanti3965

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?

Ed-1

Chanti3965 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?

“First-time buyer” means an account investor who is not, and never has been, a residential property owner

https://www.legislation.gov.uk/uksi/2017/466/regulation/31/made

eskbanker

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.