Buying a first time home with lifetime ISA

cawhitaker

We have just had an offer accepted on a house. We will be using our LISA’s for the deposit. We have just put more money in the isa and will be wanting the government 25% bonus before it all goes through. Will we be able to wait for our 25% bonus before completing? 

eskbanker

Nobody on here can answer the question you've asked, as it's up to the seller to decide if your proposed timescale for completion is acceptable to them.

If you've paid in since 6 June then you won't get the bonus until the end of July, or maybe even early August, but if necessary you can make multiple withdrawals if that helps, i.e. you can withdraw the bulk of the money and then go back for the bonus later.  Your conveyancer should be able to advise how best to proceed....