Lifetime ISA
Investor Declaration
Section 1: Investor declaration
Lifetime ISA investors buying their first home must provide a declaration and information to the conveyancer dealing with the property
purchase in accordance with the ISA Regulations. Failure to include any information on either this declaration or the conveyancer
declaration may result in the ISA manager rejecting the withdrawal request.
To be allowed to make a charge-free withdrawal from your Lifetime ISA for the purchase of your first residential property you must
provide all of the following information to the conveyancer you have appointed to act on your behalf.
If your house purchase does not proceed within 90 days of your conveyancer receiving the funds, and your conveyancer has not
received an extension of time, all of the funds withdrawn from your Lifetime ISA must be returned to your Lifetime ISA manager. If any
funds are not repaid into your Lifetime ISA you will be liable to pay a 25% withdrawal charge on the shortfall.
We would like 30 days notice prior to completion, to ensure your funds will be released in time for your requested completion date.
Section 2: Your details
Title First name Surname
Current address
Postcode
Price of the property you are buying: (this cannot be more than £450,000) £
Address of property you are buying
Postcode
I am buying my first residential property and I want to withdraw the sum of
Close Account Leave £1 in Account Withdraw Specific Amount £
from my Lifetime ISA.
If you are wishing to keep your Lifetime ISA open, you must choose to leave a minimum of £1 in your account.
Section 3: Manager details
Name of Lifetime ISA manager
Skipton Building Society
Address of Lifetime ISA manager
The Bailey, Skipton, North Yorkshire
Postcode BD23 1DN
Section 4: Account details
Lifetime ISA Account number(s)
Section 5: Conveyancer details (if known)
Name of seller’s Conveyancer (if known)
Address of seller’s Conveyancer (if known)
Postcode
Continued overleaf
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Section 6 Declaration
I declare that:
• I am a first time buyer;
• I will only use the funds I have withdrawn from my Lifetime ISA towards buying my first residential property;
• the funds withdrawn from my Lifetime ISA do not exceed the purchase price of the property;
• the Lifetime ISA(s) from which I am withdrawing funds will have been open for at least 12 months when the withdrawal is made;
• I have not claimed/ I am not claiming a government bonus on funds in Help to Buy: ISA for this purchase or a previous property purchase;
• on completion the property will be my only or main residence, or will become so as soon as it is suitable for use;
• I am purchasing the property as a sole owner or as a joint owner with another individual who may already own the property;
• I am purchasing a legal interest in land with a loan taken as a charge over the property, or as a part of a regulated home purchase plan;
• I am not purchasing the property by means of a ‘buy to let’ mortgage; OR I am a UK Crown employee serving overseas, or their spouse or civil
partner, and am purchasing the property by means of a ‘buy to let’ mortgage, with the intention of occupying the property as my only or main
residence on my return to the UK;
• all funds withdrawn from my Lifetime ISA will pass directly from my Lifetime ISA manager to my conveyancer, who is an eligible conveyancer;
• I have provided the necessary information and declarations to my conveyancer;
• I authorise and have requested my conveyancer to provide all necessary information and declarations to my Lifetime ISA manager.
I declare that the information I have provided is true and complete to the best of my knowledge and belief.
Name
Signature
Date (Please ensure that this date is within 2 months of the completion date)
/ /
Call in Talk to us today Visit
branch 0345 607 9755 skipton.co.uk
Skipton Building Society is a member of the Building Societies Association. 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.
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