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Can I Use The LISA on Help to Buy Schemes?

Hi Everyone, I have a query about the LISA. My boyfriend and I are looking to start saving for a house and after looking at the help to buy and life time isa's, we are leaning towards the lifetime isa. One thing I am unclear about is whether you can use the life time isa on help to buy schemes offered by contractors, i.e. bovis? This might just be me being really simple but I am quite unclear and with the deadline drawing in for the help to buy, I am keen to choose now! Thanks!

Comments

  • masonic
    masonic Posts: 29,079 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 19 October 2019 at 6:20PM
    Providing that:
    • You are buying your first home
    • with a mortgage
    • through a solicitor or conveyancer
    • that you intend to live in
    • that is (or will be) capable of being used as a dwelling
    • that costs £450,000 or less
    • and your LISA has been open for at least 1 year when you are ready to buy
    Then you'd meet the terms for making a penalty free withdrawal.
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