Buying a flat with a LISA - tenants in situ

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I'm looking to buy a flat. I have a deposit of about £70k, of which £15k is a LISA (£12k my money, £3k bonus money from the government).

The problem is the following:

1) Some of the flats I am considering putting an offer in for have tenants in situ.

2) Depending on the tenancy agreement, the tenants will have a right to remain until a certain point after I buy and they will pay rent to me.

3) You cannot use your LISA to buy a rental property and get rent money, it must become your primary home.

I know this is pretty niche, but has anyone come across this before? Can I just not buy places with tenants in situ?

Thanks in advance.

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Reddit_Throwaway196

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Posted: 1 year ago
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