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    • RJM19882018
    • By RJM19882018 4th Mar 18, 3:56 PM
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    RJM19882018
    LISA info when buying with partner
    • #1
    • 4th Mar 18, 3:56 PM
    LISA info when buying with partner 4th Mar 18 at 3:56 PM
    Hi all,

    This is my first post so be gentle! !!!128521; Iím going to get a LISA before the end of this tax year and put in the £4000. I will be buying a house for the first time however I will be buying with my partner who already owns her own house, does this stop/affect me using the LISA?

    Thanks in advance!
Page 1
    • Alexland
    • By Alexland 4th Mar 18, 4:35 PM
    • 2,389 Posts
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    Alexland
    • #2
    • 4th Mar 18, 4:35 PM
    • #2
    • 4th Mar 18, 4:35 PM
    Welcome to the forums.

    You are fine provided you individually qualify. It has to be a proper purchase using registered solicitors - you can't use the LISA if you are just getting added to your partner's mortgage or land registry records.
    • RJM19882018
    • By RJM19882018 4th Mar 18, 8:14 PM
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    RJM19882018
    • #3
    • 4th Mar 18, 8:14 PM
    • #3
    • 4th Mar 18, 8:14 PM
    How do you mean individually qualify? Surely as she has her own property she wouldnít qualify for one? The plan is for me to save as much as possible and she uses some of her equity from her current property and we put it together as a deposit?
    • Alexland
    • By Alexland 4th Mar 18, 8:18 PM
    • 2,389 Posts
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    Alexland
    • #4
    • 4th Mar 18, 8:18 PM
    • #4
    • 4th Mar 18, 8:18 PM
    How do you mean individually qualify? Surely as she has her own property she wouldn!!!8217;t qualify for one? The plan is for me to save as much as possible and she uses some of her equity from her current property and we put it together as a deposit?
    Originally posted by RJM19882018
    You would need to individually qualify (under 40, FTBer, etc) and be making a qualifying purchase (under £450k, with mortgage, etc) and you could use your LISA towards the purchase. Your partner would not qualify (unless they want the LISA to invest for retirement) but you could still buy together and use your LISA with bonuses.
    Last edited by Alexland; 04-03-2018 at 8:25 PM.
    • RJM19882018
    • By RJM19882018 6th Mar 18, 1:42 PM
    • 4 Posts
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    RJM19882018
    • #5
    • 6th Mar 18, 1:42 PM
    • #5
    • 6th Mar 18, 1:42 PM
    Sorry for sounding stupid but you said we both need to qualify which my partner doesnít, so how can I use mine with her if she doesnít qualify?
    • eskbanker
    • By eskbanker 6th Mar 18, 2:03 PM
    • 7,161 Posts
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    eskbanker
    • #6
    • 6th Mar 18, 2:03 PM
    • #6
    • 6th Mar 18, 2:03 PM
    Sorry for sounding stupid but you said we both need to qualify which my partner doesnít, so how can I use mine with her if she doesnít qualify?
    Originally posted by RJM19882018
    Alexland's wording was perhaps slightly ambiguous - 'you individually qualify' was intended to mean 'you (singular) personally qualify' not 'you (plural) each qualify'.
    • RJM19882018
    • By RJM19882018 8th Mar 18, 9:32 PM
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    RJM19882018
    • #7
    • 8th Mar 18, 9:32 PM
    • #7
    • 8th Mar 18, 9:32 PM
    Ok thanks for clearing that up, with regards to paying into it, Iíve signed up now but do I have to put the 4000 in one lump or can I do it here and there before the end of the tax year?
    • ValiantSon
    • By ValiantSon 8th Mar 18, 9:44 PM
    • 1,880 Posts
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    ValiantSon
    • #8
    • 8th Mar 18, 9:44 PM
    • #8
    • 8th Mar 18, 9:44 PM
    Ok thanks for clearing that up, with regards to paying into it, Iíve signed up now but do I have to put the 4000 in one lump or can I do it here and there before the end of the tax year?
    Originally posted by RJM19882018
    Either is fine. You can make several deposits or just one.
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