For Solicitors

What is the process for withdrawing funds from a Lifetime ISA for a solicitor?

In order to begin the Lifetime ISA withdrawal process, we’ll first need our mutual customer to start the process in the app in Settings > Withdraw > LISA.

This allows them to give us permission to act on their behalf, confirm they meet the eligibility criteria set by HMRC, and provide your contact details. We’ll then contact you directly with a blank conveyancer declaration, which we’ll need you to fill in and return to us. 

Once we’ve received your form, we’ll process the withdrawal as soon as we can, and typically you’ll receive the funds within 3 working days for our Cash Lifetime ISA, or 10 working days for our Stocks & Shares Lifetime ISA. Once the withdrawal has completed, we’ll send the funds via Faster Payments; typically by the end of the working day. 

Please note, HMRC put the onus on the conveyancer to ensure that the property purchase completes within 90 days of the withdrawal, and you’ll need to notify us once the property sale has completed – which can be done by email.

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It's important you know

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest.

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