A Lifetime ISA is a relatively new type of savings ISA introduced by the Government in 2017. They allow you to make savings for later in life, but can also be used when buying your first home. By saving your money in a Lifetime ISA, the Government will give you an additional 25% bonus to your savings.
If you are planning on purchasing a property and have any queries about how to use your Lifetime ISA, please do not hesitate to contact us. Our conveyancing team are very familiar with the ISAs and would be more than happy to assist you.
For more information on Lifetime ISAs, the Government provide a guide which goes into more detail at the following link: https://www.gov.uk/lifetime-isa
Thinking of turning your home into an Airbnb?
The restrictions on overseas travel has seen a race for UK holiday accommodation. Where property owners look to make money from ‘staycations’ by offering their homes on sharing platforms such as Airbnb, the ease of letting does not take away the responsibility to understand and keep up with relevant rules and regulations.