Buying new build home

[Thatgirlcat]

Hi guys

My husband and I have reserved a new build home, we are in the process of saving the 5% deposit with a lifetime ISA each. The house was due to be finished April/May, which was good as we can't take out our ISA until February and March. We just had an email to say it will be ready either January or February and we are now really worried, as we can't take out our deposit money that early.

Has anyone had any experience with this or knows anything about if your house is ready before you can take out your lifetime ISA? It's really stressing me out not knowing and potentially losing out on buying our first home.

Just write to them:
"Dear xxx
Thank you for letting us know the revised ready date for the property. As you will be aware, we reserved the house with an expected finish date of April / May. While it is great to hear that you are ahead of schedule, our plans / finances / etc. have been based around an anticipated purchase date in April at the earliest. We are still looking forward to the purchase of the house, but will not be able to bring that date forward, so will expect to still complete as originally agreed."

etc.

I think I’d specifically mention your ISA savings account maturing or whatever the situation is. If you’re v vague, they might think that something is up. Depending on the price of the property, it might be worth completing before the stamp duty holiday ends. I think that’s why they’re trying to bring completion dates forward.

Have you exchanged contracts?