Lifetime ISA penalty-free withdrawal for first-time house purchase

Brian Harrison made this Freedom of Information request to HM Treasury This request has been closed to new correspondence. Contact us if you think it should be reopened.

The request was successful.

Brian Harrison
Delivered

Dear HM Treasury,

You can only withdraw from Lifetime ISAs penalty-free for first-time house purchase if you take on a "mortgage" for the rest of the purchase.

Does it matter if the mortgage loan comes from a commercial lender or can it be a secured loan from a relative for example?

Yours faithfully,

Brian Harrison

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FOI Requests, HM Treasury

Our ref: FOI2023/10923

Dear Mr Harrison,

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Yours sincerely

Information Rights Unit | Correspondence and Information Rights | HM
Treasury, 1 Horse Guards Road, London, SW1A 2HQ [1]www.gov.uk/hm-treasury

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FOI Requests, HM Treasury

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Dear Brian Harrison

Please find attached a response to your recent FOI request.

Yours sincerely

Information Rights Unit | Correspondence and Information Rights | HM
Treasury, 1 Horse Guards Road, London, SW1A 2HQ [1]www.gov.uk/hm-treasury

References

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1. http://www.gov.uk/hm-treasury

Link to this Report