Can You Use a Lifetime ISA If You Already Own a Property?
22 Apr 2024 · 0 min
0:15
You can't use a Lifetime ISA to buy a second property if you already own one. Ndubuisi 'Andy' Egwim explains that these accounts are for first-time buyers only, though existing homeowners can still use them for retirement savings or general investing.
Questions this video answers
No. You cannot use a Lifetime ISA for the first-time-buyer property purchase if you already own a property; Lifetime ISAs are for first-time buyers or for retirement savings for those who have not previously owned property.
