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Lifetime ISA bonus pending during house purchase
terrytherat
Posts: 1 Newbie
Hi all,
If I move to buy a property and use a LISA but still have some bonus pending from recent deposit what happens if I purchase before the bonus arrives?
Terry
0
Comments
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You either leave the additional money in the account until you're 60 or you withdraw 75% of it, with the other 25% being the penalty for withdrawing when already a property owner, unless your conveyancer is prepared to be creative.
Realistically it's an unlikely scenario, given the timescales involved in purchasing property....0
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