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LISA Query
CaitiL92
Posts: 8 Forumite
Hello,
Just wondering if anyone can give me any help here. I am near the end of purchasing my first house and I am using a LISA for part of my deposit. The funds were withdrawn by my solicitor last Thursday and I have just found out that the vendor is a vunerable person and needs to self isolate so he cant move out until the end of May at the earliest. I was wondering if its possible to ask my Solicitor to send the funds back to my LISA manager (Skipton) and leave them there for a month or 2 until we can actually complete.
Would be helpful if I could as I could put more money into it for the deposit but as the account is technically closed I'm not sure how this works in regards to the LISA needing to be open for 12 months. Can my LISA just simply be reopened (and the timeline of the account be backdated) and closed again in a month or not? I have asked Skipton and have gotten 2 different answers. Any help would be appreciated!
Thank you
Just wondering if anyone can give me any help here. I am near the end of purchasing my first house and I am using a LISA for part of my deposit. The funds were withdrawn by my solicitor last Thursday and I have just found out that the vendor is a vunerable person and needs to self isolate so he cant move out until the end of May at the earliest. I was wondering if its possible to ask my Solicitor to send the funds back to my LISA manager (Skipton) and leave them there for a month or 2 until we can actually complete.
Would be helpful if I could as I could put more money into it for the deposit but as the account is technically closed I'm not sure how this works in regards to the LISA needing to be open for 12 months. Can my LISA just simply be reopened (and the timeline of the account be backdated) and closed again in a month or not? I have asked Skipton and have gotten 2 different answers. Any help would be appreciated!
Thank you
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