I want to buy a house – how can I use my Lifetime ISA?

You can use a Lifetime ISA (LISA) to fund the purchase of your first home, so long as it’s bought for under £450,000, and you’re buying with a mortgage. If you buy a home with another first-time buyer, you can both use your Lifetime ISAs with the government bonus – but together you can buy a house only up to the value of £450,000.

You’ll also need to have had your Lifetime ISA open for a year before you can use it to buy your first home.