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Can I use a Lifetime ISA to buy with someone else?

Written by Polly

Yes, you can.

If you and your partner both have Lifetime ISAs with us, you can put them both towards a qualifying joint house purchase. You'll both be able to get 25% bonuses towards buying your first home together. Your solicitor/conveyancer will factor this into your house purchase and we'll liaise with them to ensure the safe withdrawal of these funds so you can complete your sale.

Alternatively, you may be eligible for a Lifetime ISA, but your partner isn't (eg: if they have owned a home before). Don't worry, this won’t impact your eligibility or your ability to use the money to buy a house.

From the 29th October, If your property is worth more than £450,000, you can still use your LISA towards your purchase, however this will be subject to a 20% fee from HMRC. If this is you, you can process your request in the Tembo app as normal. Got questions? You get in touch with our home purchase team via [email protected]

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