Buying your first home with a Lifetime ISA? See which charge applies (0%, 20% or 25%), what reaches your deposit, and what to do by when — under the rules in force from 29 Oct 2026.
Check the charge, compare the choices and take a dated plan to your conveyancer.
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Your result
Charge-free: all £10,500.00 goes to your deposit, bonus included.
Charge-free: all £10,500.00 goes to your deposit, bonus included.
| Scenario | Gross | Charge | Net / future value | Rate | What it means |
|---|---|---|---|---|---|
| As entered | £10,500.00 | £0.00 | £10,500.00 | 0% | Your first-home withdrawal is charge-free |
| At the old 25% charge | £10,500.00 | £2,625.00 | £7,875.00 | 25% | A comparison at 25%; this is not a separate eligibility decision. |
Agreed price £395,000.00 less separately purchased fixtures and fittings £0.00. Only genuine fixtures and fittings bought separately under the contract can be excluded — your conveyancer decides; never inflate them.
Complete an investor declaration for each holder and ask for the conveyancer declaration. Money goes to the conveyancer, never to you. Ask your provider how long it needs once it has both declarations.
Wait for £125.00 bonus before withdrawing or ask your provider (bonus = 25%).
Plan for the money to leave the LISA no earlier than 17 Oct 2026 for expected completion on 15 Jan 2027. Arrange this in advance: the date you ask your provider or conveyancer is not the withdrawal date. Providers can take a few days to a few weeks after you ask. The withdrawal date is when money leaves the LISA; it must meet the 12-month rule and determines the 20%/25% date rule. Completion is when the purchase finishes. Aim to request by 16 Dec 2026.
Based on money leaving the LISA (withdrawal date) 30 Oct 2026: initial 90-day deadline 28 Jan 2027. Your conveyancer can ask for 60 more days to 29 Mar 2027, then a further 30 to 28 Apr 2027 (180 days maximum). Use the actual receipt date to confirm deadlines. If the purchase fails or the final deadline passes, return all funds, including any charge taken, to the LISA. If £4,000 is not returned, HMRC's retrospective charge is £1,333.33, not £1,000.
You can save up to £4,000 a year and receive a 25% bonus until 50. Withdrawals are charge-free at 60. Check annual ISA allowances and your provider terms.
For new savers: it can be used alongside a Lifetime ISA for the same purchase. Transfers from a Lifetime ISA are not permitted. Announced plans still need legislation and provider implementation.
Illustrated future values, not money for today’s deposit or a recommendation.
Value at 60: £32,745.84. Extra interest: £7,008.72. Monthly repayment: £58.36.
Illustration, not a recommendation: 29 whole years of 4% annual growth; no new payments. Extra borrowing £10,500.00 at 4.5% over 25 years. Rates and returns can change. For a partial withdrawal this compares keeping the entire balance with borrowing the planned net withdrawal.
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Send JSON to POST /api/check. The reply includes the result and share links for HTML, Markdown and CSV. Dates use YYYY-MM-DD; amounts are pounds. Omit asOf to use today in Europe/London.
{
"purchase": {
"agreedPrice": 395000,
"completionDate": "2027-01-15",
"mainResidence": true,
"mortgage": "residential",
"legalInterestInLand": true
},
"holders": [
{
"firstTimeBuyer": true,
"dateOfBirth": "1996-05-14",
"firstPaymentDate": "2021-05-01",
"balance": 5000,
"paidIn": 4000,
"bonusReceived": 1000
}
]
}Read a saved result at GET /api/r/:id, see examples at GET /api/samples, or check availability at GET /api/health. One or two holders, maximum request size 32 KB.
Providers can take a few days to a few weeks after you ask. Blank uses today. This date determines the 12-month rule and the 20%/25% date rule; completion is separate.