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Using Moneybox Lifetime ISA to buy my first home?
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[Deleted User]
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Hi all, has anyone used a lifetime ISA as a FTB? My deposit is 25,000, 9,500 of that is in a lifetime ISA, is it straight forward enough to withdraw?(I know this has to be via solicitors to withdraw), is it done in a timely manner or does it add delay?
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You need to contact Moneybox, they will send you a form which you fill in with your solicitors details. See link below, they suggest a few weeks before completion.T98 said:Hi all, has anyone used a lifetime ISA as a FTB? My deposit is 25,000, 9,500 of that is in a lifetime ISA, is it straight forward enough to withdraw?(I know this has to be via solicitors to withdraw), is it done in a timely manner or does it add delay?
https://www.moneyboxapp.com/faqs/lisa/how-can-i-use-my-lifetime-isa-to-buy-house/
Your solicitor will then deal with Moneybox. Based on email I received from Moneybox in response to asking how long it takes they say will take 5 days from solicitor returning the forms for the money to be withdrawn and sent to solicitor (cannot confirm this yet... fingers crossed).
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