While there are no rules against using your LISA towards a self-build property, there are extra considerations to make, and it depends on your personal circumstances.
If you’re planning on using your LISA towards a self-build, the funds will typically need to be used towards the deposit for the land you are purchasing with a mortgage. HMRC’s usual conditions for using LISA funds towards a first home will also apply, which you can find more information on here on our website. Please note that for an eligible first-home withdrawal, you need to intend to live in the property that you are building, and you cannot already have a legal interest in land.
Please note we’re unable to confirm the property’s eligibility based on your individual circumstances. If you’re unsure if your house purchase qualifies for a penalty-free LISA withdrawal, we’d recommend speaking with an appropriately qualified conveyancer.