Alice Wright

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.

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!