It’s important you know that your Lifetime ISA must have been open for at least 12 months before you are able to use the bonus for your first home. It counts as ‘open’ once you’ve made your first contribution ⌛

As well as this, your property purchase must also adhere to these conditions to qualify:

- The property costs £450,000 or less.

- You use a conveyancer or solicitor to act for you in the purchase. Moneybox will pay the funds directly to the conveyancer or solicitor.

- You’re buying with a mortgage (using a buy to let mortgage is not permitted). Please note that the mortgage itself also cannot be provided by a family member, however you can still use your LISA to purchase your home with somebody else, as long as the property satisfies all of this same criteria.

- You have never owned a property before. This includes properties in the UK or in any other country. If you owned a property, or a share of one, through inheritance this counts as owning a property.

Once you’ve found your first home (congratulations! 🎉) just let us know by confirming your solicitor’s details in Settings > Withdraw > LISA. Once we've confirmed your details, we’ll sort the rest with your solicitor.