The money in your Lifetime ISA - including the 25% bonus - can be put towards the deposit of your first home. The home must be purchased for £450,000 or less, be in the UK, for you to live in, and be bought with the mortgage. You have to have had your Lifetime ISA open (aka with a balance >£0) for over 12 months before you can use it towards your house purchase.
Lifetime ISA funds must be used directly towards the purchase of the house and NOT for use to pay associated fees, including solicitor fees.
Please get in touch with us via [email protected] when you are ready to buy your first home, giving us as much notice as possible, and our customer support team will liaise with your conveyancer/solicitor to arrange the release of your funds for your eligible home purchase.