Written Question·Treasury·UIN 74467
First Time Buyers
Tabled: 2 September 2025
Answered: 10 September 2025
Question
Jayne Kirkham
Labour (Co-op) — Truro and Falmouth
To ask the Chancellor of the Exchequer, if she will consider increasing the £450,000 cap for buying a first property with a Lifetime ISA in line with property price inflation.
Answer
Lucy RigbyData from the latest UK House Price Index shows that while the average price paid by first-time buyers has increased, it is still below the Lifetime ISA property price cap in all regions of the UK except for London, where the average price paid is affecte...
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