Lifetime ISA Use for First Property Purchase: Residence vs. Buy-to-Let Query

Hi, I need clarification regarding the use of Lifetime ISA funds. I plan to purchase my first property, but I intend to: Buy the property, renovate it, and rent it out. Refinance it with a buy-to-let mortgage. (I do not plan on living in this property.) My questions are: Can I still use my Lifetime ISA funds for this purchase, or would this disqualify me because it’s not immediately my residence? If I don’t use the funds now, will they remain eligible for a future personal home purchase without losing the 25% government bonus? Thank you for your help!

Hi,
As the lifetime ISA is to buy your first home, and you are renting it out, this is not considered your home so you would not qualify.
We cannot comment on future events as legislation may change.
Thank you.

Thanks for your reply. Under current legislation then, could I buy a property that I plan on renting out with a buy-to-let mortgage, and then purchase a personal home with the Lifetime ISA? Thanks in advance.