Written Question·Treasury·UIN 11012

Individual Savings Accounts

Tabled: 24 October 2024

Answered: 29 October 2024

Named Day

Question

Helen Hayes

To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of the Lifetime ISA withdrawal limit for home purchases in London in the context of average house prices in London in 2024.

Answer

Tulip Siddiq

The Lifetime ISA (LISA) property price cap supports most first-time buyers across the UK while targeting households that might find it most difficult to get on the property ladder. Data from the latest UK House Price Index shows that while the average pri...

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