Advice please on investing money for two early 20's DC's

[LeithWalk]

One owns his own house, other doesn't.
Initially I have a £5,000 lump sum, but would be able to add a small amount monthly.

Accessible perhaps in a couple of years.

I was looking at 'help to buy' for the none home owner.

Thanks, just want to do the best by them.

Lisa?

A LISA is the updated help to buy, and can be used for a house or a pension.

So it is suitable for non home owner.

If the home owner would want to access the money before pension age, then a normal ISA would be better.

You can have the same funds in the normal ISA and a LISA, the difference being the govt match the LISA contributions with 25% top up.

DS has a Help to Buy but there is a time limit both on opening and using as its being phased out so check its suitable for your needs.