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Lifetime ISA
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Abitcross
Posts: 4 Newbie
Hi. My daughter is 18, and is considering opening a lifetime ISA with a view to buy a property. She would be a first time buyer. The rules state that if she buys with another first-time buyer she gets to keep the 25% added by the government. My question is, if she bought as a joint tenant with someone who wasn't a first time buyer would she still keep the 25%? I can't find anything on the government website which clarifies buying as a tenant in common rather than a joint tenant.
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As far as I'm aware there is no stipulation on the type of joint ownership. Joint tenant will be a common arrangement between couples.
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