Based on what you've written, I'm re-assured that I can get things moving quicker with a bit of cajoling! The faster payments scheme aims to make same day payment where the instruction is received before 8pm. First-time buyer declaration: your client will need to sign a first time buyer declaration. The info on the site is not tailored advice to each individual reader, and as such does not constitute financial advice. Imagine my surprise when I was contacted via email by one of their contact centre employees only a few days later. Think youre gonna be UKPFs test case, let us know how it goes! The government withdrawal charge is only applied to the amount you withdraw. %%EOF Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, under registration number 153706, for accepting deposits, advising on and arranging mortgages and providing Restricted financial advice.Principal Office, The Bailey, Skipton, North Yorkshire, BD23 1DN. I really hope this helps anyone who is looking to buy their first home and thanks again to all of Skipton's customer service team for their exceptional response times and professionalism. Based on our research, the content contained in this article is accurate as of the most recent time of writing. Find out more about the LISA withdrawal charges. If you have any further questions about the Skipton Lifetime ISA withdrawal process, dont hesitate to message me and I will help if I can! At the end, you can also request a Decision in Principle (DIP), if you're ready, or you can do this within 30 days of receiving your calculation. Also hope it doesnt happen prior to June 4th or I wont get my 2nd bonus! Wanting to use your Lifetime ISA to fund your retirement? This page includes Skipton's standard documents for use by solicitors or licensed conveyancers. If you withdraw funds before the LISA has been open for a year then the penalty of 25% of the withdrawn amount applies. Please ensure the declaration form is returned to us 30 days prior to completion. This info does not constitute financial advice, always do your own research on top to ensure it's right for your specific circumstances and remember we focus on rates not service. You can withdraw from your LISA after 12 months from your first payment in to buy a house with a purchase price of up to 450k. Before deciding whether to make a chargeable withdrawal from your Lifetime ISA you should be aware that the Lifetime ISA is not a flexible ISA. Your bonus will be paid into your account within 14 days of the 20th day of month two. Read our frequently asked questions about Lifetime ISA to help you quickly find the answers you need. Online requests received before the payment cut-off time of 8pm on a working day will arrive in your nominated account no later than midnight of the next working day. We found our dream home at the end of April and put in an offer at the beginning of May.