How long before my LISA's maturity date can I start the withdrawal process towards a qualifying first house purchase?

Your LISA needs to be open for at least 12 months before you can withdraw towards a qualifying first house purchase. We recommend sending your solicitor’s details about one month before you need to use the funds towards your purchase. This is so we can liaise with your solicitor to confirm your details, and run a couple of security checks.

Once we have everything we need, we’ll review the details of your withdrawal within 5 working days.

Then, if you have a Cash LISA, we’ll time your withdrawal so the money reaches your solicitor in time for the date they have requested the funds by. Once we’ve initiated the withdrawal, it typically completes on the next working day.

If you have a Stocks & Shares LISA, the withdrawal is initiated straight away after the request has been reviewed, and then typically completes within 5 working days.

Although you can start the withdrawal process by submitting your solicitor's details up to 30 days before your LISA's 12 month maturation date, we can only release the money to your solicitor/conveyancer after the 12 month maturation date.

Please note that you will also need to meet all of HMRC's conditions in order to make a qualifying first house purchase withdrawal from your LISA.