Written Question·Treasury·UIN 9222
Individual Savings Accounts
Tabled: 15 October 2024
Answered: 23 October 2024
Question
Daisy Cooper
Liberal Democrat — St Albans
To ask the Chancellor of the Exchequer, if she will make it her policy to increase the Lifetime ISA property cap threshold in line with the rate of house price inflation.
Answer
James MurrayData 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 LISA property price cap in all regions of the UK except for London, where the average price paid is affected by bor...
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