Congratulations on finding your dream first home. Exciting times ahead!
Before you can withdraw your money from your Lifetime ISA, you'll need to have sold all of your investments and allowed enough time for the cash to settle (usually around 2–3 working days after your order is processed). With the cash sat ready to go in your LISA, you can get the withdrawal process started.
1. The first step is contacting your conveyancer (the legal professional, often a solicitor, handling the admin of your house purchase). They'll ask you to complete a declaration to confirm you’re a first-time buyer, and they'll also need to complete their own declaration.
2. Your conveyancer will then send both completed declarations to us at help@ajbell.co.uk, and we'll check everything to make sure your withdrawal can go ahead without any issues.
3. Assuming your declarations are all okay and the cash is ready to go in your account, we'll send your LISA money directly to your conveyancer via a bank transfer. It may take up to 10 working days for the bank transfer to complete, so just make sure you allow enough time for the money to arrive before your completion date.
That's it! We hope everything with your house purchase continues nice and smoothly. But in case things don't work out as planned, and you need to return your cash to your AJ Bell LISA, you'll need to do this within 90 days of your withdrawal.