Lifetime Isa fees for over 450K property

PoppyVale

Hi all, I wonder if anyone could kindly shed some light for me. We're first time buyers and have some of our deposit saved in Lifetime ISA. It is my understanding that we can only use our isa deposit only for properties below 450K otherwise we get charge and loose certain bonuses.

We've seen a property of 500K that we really love. Does anyone have an idea of what kind of fees we are looking at here?

Many thanks in advance. 

amanda1024

It’s a percentage (25%, I think) of the amount you withdraw

Rodders53

https://lifetimeisa.campaign.gov.uk/  should have all the information you need.

PoppyVale

Thank you both very much.