Owning a residential property in the UK or anywhere else means you're not a first-time buyer. For questions about inheriting a property, contact a conveyancing solicitor.
You can use your Lifetime ISA (a government savings account for first-time home buyers or retirement) to save for later life. Withdrawing money for any other reason will mean a penalty charge. Read more about withdrawal rules.
You can find other savings and investment options on our website.