FTB Lisa redemption

Jaglad111

Afternoon all,

I have just opened a S&S Lisa with HL and lumped the full allowance in for the 2017/18 financial year. The bonus should get paid around the 2nd week in may 2018 and revert to monthly from that point. My question is, unlike the HtB isa where the bonus is applied for on completion, how would you be expected to prove the withdrawal was for your first property purchase as it can be liquidated pre-purchase, and used to form part of your deposit. I really am struggling to find any info on this. Many thanks

Mogley

The withdrawals section on page three and four of the guidance notes should help answer your question.

Guidancenotes

Jaglad111

Thanks Mogley!