Property News · July 24, 2018

Can I use my lifetime Isa to pay for legal and survey fees for my flat?


I am unsure whether I will lose the bonus by withdrawing funds from it Q I’m a first-time buyer in the process of buying a flat with a value of £130,000. I have £13,750 in a lifetime Isa, £3,000 of which is part of this tax year’s allowance (£750 being the government bonus).I cannot find any information relating to what I can withdraw the funds for, beyond use as a deposit. My question is – can the amount in the Isa solely be used for the deposit payment, or can I also use it for legal and survey fees during the purchase without forgoing any of the bonus? Continue reading…

Source : theguardian.com
Read more…Can I use my lifetime Isa to pay for legal and survey fees for my flat?

You may also like...