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Partners wanting to make a 1st time property purchase.
Drog44
Posts: 1 Newbie
Martin's podcast of 3July 25 indicates that 2 partners, both having a LISA, can both get bonus when buying jointly a 1st time property. (Assuming of course they meet property value requirements.)
If one has a HTB ISA and the other a LISA - is this still the case; what if they both have a HTB ISA - again, does this dual bonus situation still apply??
If one has a HTB ISA and the other a LISA - is this still the case; what if they both have a HTB ISA - again, does this dual bonus situation still apply??
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Yes.Drog44 said:Martin's podcast of 3July 25 indicates that 2 partners, both having a LISA, can both get bonus when buying jointly a 1st time property. (Assuming of course they meet property value requirements.)
If one has a HTB ISA and the other a LISA - is this still the case; what if they both have a HTB ISA - again, does this dual bonus situation still apply??But obviously they can’t each claim both their LISA & HTB bonuses.Mix & match is fine.0 -
Each person can claim 1 bonus for the house purchase. This can be 2 Lifetime ISAs, 2 Help to Buy ISAs or 1 LISA and 1 H2B.Drog44 said:Martin's podcast of 3July 25 indicates that 2 partners, both having a LISA, can both get bonus when buying jointly a 1st time property. (Assuming of course they meet property value requirements.)
If one has a HTB ISA and the other a LISA - is this still the case; what if they both have a HTB ISA - again, does this dual bonus situation still apply??
See the following page on LISAs from MSE Lifetime ISA (LISA): how they work & best buys specifically the 'Lifetime ISA need-to-knows for first-time buyers' parts 5 and 60 -
As above, using one HTB ISA and one LISA is acceptable but if doing so the purchase needs to comply with the rules of both schemes, e.g. it's the lower HTB property value cap (outside London) that would apply.Drog44 said:Martin's podcast of 3July 25 indicates that 2 partners, both having a LISA, can both get bonus when buying jointly a 1st time property. (Assuming of course they meet property value requirements.)
If one has a HTB ISA and the other a LISA - is this still the case; what if they both have a HTB ISA - again, does this dual bonus situation still apply??0
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