Lifetime ISA

All topics Lifetime ISA Can I use the Lifetime ISA to buy a home with someone else?

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

Yes! You can use your Lifetime ISA to buy a home with another person, regardless of whether or not they’re also a first-time buyer.

As long as you and the property meet the criteria for a qualifying house purchase, you should be able to use your LISA towards your first home. LISA eligibility is assessed individually, so anyone else’s ownership status doesn’t affect your ability to use your LISA for your first home purchase.

You can also use the LISA to buy with another LISA holder, or someone who holds a Help to Buy ISA. However, the £450,000 price limit on the home you buy does not increase if two or more LISAs are used for the same property purchase.

Please note we’re unable to confirm the property’s eligibility based on your individual circumstances. If you’re unsure if your house purchase qualifies for a penalty-free LISA withdrawal, we’d recommend speaking with an appropriately qualified conveyancer. You can also visit the Gov UK website here for more information.

How useful was our article?

View other topics

It's important you know

Capital at risk. All investing should be for the longer term. The value of your investments can go up and down, and you may get back less than you invest. Tax treatment depends on individual circumstances and may be subject to change in the future.

A 25% government penalty applies if you withdraw money from a Lifetime ISA for any reason other than buying your first home (up to £450,000) or for retirement, and you may get back less than you paid into your Lifetime ISA.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Payments you make into your pension won’t be accessible until the minimum pension age (currently 55, increasing to age 57 from 2028). Tax treatment depends on individual circumstances and may be subject to change in the future.

For Business Saver: T&Cs apply. Max one withdrawal per day.

Get started