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Newcastle Building Society: Lifetime ISA reviews

Name: Lifetime ISA
Rating: 3 (6 reviews)

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2.75

Based on 6 reviews, last reviewed 28th Feb 2023

No new 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

50%

4 star

3 star

2 star

50%

Latest highest rating:

5

Very easy to use and good interest Simple, straightforward and no issues. Reviewed on: 28th February 2023

Latest lowest rating:

1

Wish I Had Not Switched I chose to switch my LISA from a stocks and shares to cash and as Newcastle had the best interest rate at the time I switched to them. I now massively... Read more Reviewed on: 17th October 2019

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About this product

The Newcastle Building Society cash lifetime ISA can be managed online, by telephone or post.

You have to apply for the Newcastle lifetime ISA account online with a minimum of £1. If you change your mind about the account, you can cancel within 30 days of the opening date without any penalties.

Newcastle cash lifetime ISA reviews help you find out what it’s really like to be a customer. If you’ve used Newcastle Building Society before, you can also leave a review and share your experience.

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Newcastle Building Society Lifetime ISA reviews (6)

Very easy to use and good interest

Simple, straightforward and no issues. Reviewed on: 28th February 2023

Easy to open and great account

The online journey was simple and the account will help save for a house deposit Reviewed on: 15th January 2022

Wish I Had Not Switched

I chose to switch my LISA from a stocks and shares to cash and as Newcastle had the best interest rate at the time I switched to them. I now massively regret not reading the reviews. It took 2 months to transfer the money between the accounts and this meant I nearly missed the deadline for receiving my bonus. I also never received details for online banking and had to go through a painful process of letters and calls to get access. I am now in the process of drawing the money out for the purchase of my home and hope that I have a smoother experience then when I put it in. If doing again I would avoid Newcastle at the expense of the extra 0.2% interest I would earn. Reviewed on: 17th October 2019

Incompetent

Applied online and told to either fund account before it was open or wait till postal confirmation saying it’s open. No confirmation received months after so thanking my lucky stars I did not send my money into a black hole!! Off to find a company that can actually open an account... Reviewed on: 4th July 2019

Poor customer and extremely slow service

I applied for mortgage with Newcastle. The mortgage was agreed in principle and valuation was done on 2 April 2019 and I am still waiting for my mortgage offer. What a disgrace. I am sorry I applied and thoroughly disgusted with the pace. I am ashamed to be associated with Newcastle. Reviewed on: 28th May 2019

Long-term saving

Easy to open, great customer service and my idea of a really great offer. Reviewed on: 13th January 2019

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