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Using LISA to fund deposit (Timescales)
sm77j
Posts: 48 Forumite
Anybody have any recent experience of withdrawing money from a LISA to fund a house purchase?
Myself and my partner both FTB have the majority of our deposit in Newcastle BS LISAs. We're hoping for our offer in the next 2 days, then I understand the solicitor will have to apply for the money from the LISAs. The Newcastle BS website says up to 30 days, but I'm hoping that it's usually a lot quicker than that. Has anybody on here used a LISA to fund a deposit in the last few weeks? If so how long did it take for your solicitor to receive the funds?
Myself and my partner both FTB have the majority of our deposit in Newcastle BS LISAs. We're hoping for our offer in the next 2 days, then I understand the solicitor will have to apply for the money from the LISAs. The Newcastle BS website says up to 30 days, but I'm hoping that it's usually a lot quicker than that. Has anybody on here used a LISA to fund a deposit in the last few weeks? If so how long did it take for your solicitor to receive the funds?
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Comments
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I know this is a very delayed reply but my solicitor received my funds from my LISA today. The delay was in my solicitor requesting the funds and then choosing a date 2 weeks away. However, it definitely wasn't 30 days! I signed my forms electronically on Friday 25/9 for planned transfer of funds to solicitor on 30/9. All received by them today at 2pm.1
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