For solicitors

Can a Lifetime ISA withdrawal for a property purchase be expedited?

Once your Cash LISA house purchase withdrawal has been initiated, we first need to receive the funds from our partner bank(s) before they can be sent to you –  this is usually complete by the end of the next working day. It is possible to send the funds to you earlier in the afternoon of the estimated withdrawal date provided by our Operations team if you email us at support@moneyboxapp.com, however, unfortunately we wouldn’t be able to send the funds prior to this.

For Stocks and Shares LISAs, the withdrawal process cannot be expedited.

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It's important you know

Capital at risk. All investing should be for the longer term. The value of your investments can go up and down, and you may get back less than you invest. Tax treatment depends on individual circumstances and may be subject to change in the future.

A 25% government penalty applies if you withdraw money from a Lifetime ISA for any reason other than buying your first home (up to £450,000) or for retirement, and you may get back less than you paid into your Lifetime ISA.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Payments you make into your pension won’t be accessible until the minimum pension age (currently 55, increasing to age 57 from 2028). Tax treatment depends on individual circumstances and may be subject to change in the future.

For Business Saver: T&Cs apply. Max one withdrawal per day.

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