How to buy a home with a Lifetime ISA | Millennial Money

In this Millennial Money video, Lauren shares how she bought her first house with a Lifetime ISA.

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[leadwithfk]

Excellent video, very informative, thank you very much !

[charlesntopa]

Great content looking forward to getting a property soon, may you kindly share the step by step on opening a LISA and the broker you used.Thank you

[jemimasnelsondesign]

If I have a H2Buy and my partner has a LISA can we get the bonus of both?

[vireshpatil]

Thanks for this great video. Can you please suggest a good platform ? Also if someone is planning to buy house after 7 years, would you suggest to go ahead with Stocks & shares LISA instead of Cash LISA? Thank you.

[jennyhugelibrarys]

450, 000 max property price doesnt get u far anymore. Feel like there should be a different bracket for London

[billyrivett]

Hi, does the whole value of the deposit have to be made up by the funds of the lifetime ISA eg i have £10, 000 in the ISA is my deposit limited to this or can I use other savings to top up the deposit, thanks great video. :)

[giorgioc]

Is there a condition on the downppayment / mortgage, say I wanna mortgage only 10% of the value of the property can I still use the lifetime isa to buy the house ?

[donemersonpasco]

Hi Lauren, thanks for this very informative video. I just want to clarify your response here and what you've said in the video. Did you mean you and your partner have separate LISA and have use both LISA to purchase your first home? can we still do the same thing if i am married? and how can the government check if you have other a home at other country? does a land (inherited) or condomium unit count as home?

[dryjowp]

If I use my lifetime ISA money for a house deposit can I also contribute additional savings E.g. from my bank account towards the deposit? Or does the deposit have to solely come from the lifetime ISA?

[bngcm]

Hiya..Thank you very much for this video. It's really helpful. Can a skilled worker visa holder open a LISA account? Does the 25% bonus considered as public fund? Thank you.

[Obzv]

Hi if you saved in your liferime ISA for 3 years (36 months) did your bank/ mortgage provider have to go through 36 months of bank statements, payslips and financial record checks before approving your mortgage application or did they go through 6 months??
Or 3 months??

[Lotus]

Thanks for the info. Do you know if you could put your ISA for a first home that your buying with a partner who’s owned before? So it’s your first home but not his and he doesn’t have an ISA.

[beccaturner]

Can I add extra money saved in addition the money in the LISA towards the deposit? With only being able to save £4000 a year, it would take s long time to sata full deposit unless we can save extra money towards it in another account. Many thanks x

[bubblegumsugga]

Can you contribute to both lifetime ISA and a regular ISA within a tax year, or will that affect my tax free status ? Considering that you can contribute £20k tax free per year.

[christinemaudebriagas]

Hi. May I know which Lifetime ISA provider did you use? Thank you

[hagarshahin]

Hi,

Is it allowed in the future to sell or rent the house? Like living in the house for 10 years then u decide to sell it.

[leonardraducan]

Hi there ! On the government website it says that we’re two people want to contribute towards the same mortgage via a lifetime ISA the second person would have the 25% taken off. Did that happen to you two as well ?

[jhinko]

What if the property value exceeds 450000 £, Can I still use my Lifetime ISA funds to purchase my first home ?

[mts]

Hello, so if you and your partner have 2 different accounts, can both of them be used to buy one home?

[louiseisabellauk]

Can an individual have a help to buy ISA and a Lifetime ISA?