We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
Buying out part of mortgage with LISA
Pooble_toots
Posts: 2 Newbie
Hi folks, I can’t find the answer to this question anywhere in government guidance so I wondered if anyone else had done this.
I have a house deposit saved up in a LISA but my situation has changed and now I’m looking to move in with my partner. They already own their property but they have to renew their mortgage next Feb.
My question is when they get a new mortgage next Feb can I go in with them on a new mortgage split using my LISA savings?
So they would be changing from a single to a joint mortgage, and I would be contributing £25k to that.
Any thoughts on how/if that would work?
I have a house deposit saved up in a LISA but my situation has changed and now I’m looking to move in with my partner. They already own their property but they have to renew their mortgage next Feb.
My question is when they get a new mortgage next Feb can I go in with them on a new mortgage split using my LISA savings?
So they would be changing from a single to a joint mortgage, and I would be contributing £25k to that.
Any thoughts on how/if that would work?
0
Comments
-
How much is the house value.0
-
Around the £300k mark at the momentsheramber said:How much is the house value.0 -
According to this you can
https://ukpersonal.finance/lisa/
You will have to stamp duty on your Lisa amount plus half mortgage value.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.1K Banking & Borrowing
- 252.8K Reduce Debt & Boost Income
- 453.1K Spending & Discounts
- 243.1K Work, Benefits & Business
- 597.4K Mortgages, Homes & Bills
- 176.5K Life & Family
- 256K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards