What happens next?
Getting on the property ladder is an exciting milestone and we are glad to have been part of helping you save for this moment. Now you have found your first home, you can take your savings in your Lifetime ISA to help towards purchasing the property.
If your home meets the terms above from the HMRC, you need to complete the Lifetime ISA House Purchase Investor Declaration form and provide this to your conveyancer. You will also need to provide your conveyancer with the Lifetime ISA Conveyancer Declaration form which your conveyancer will complete. Both forms must then be provided to us.
Customer Services will be able to provide you with both forms and let you know the current value of your Lifetime ISA element.
Once we have received the forms, and we are happy with the information that has been provided we will make the payment of the requested withdrawal amount directly to your conveyancer.
More information about what happens when using your Lifetime ISA element to purchase your first home can be found below.