Written Question·Treasury·UIN 19090

Individual Savings Accounts

Tabled: 10 December 2024

Answered: 17 December 2024

Named Day

Question

Ashley Dalton

To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of adjusting the Lifetime ISA property price cap in line with (a) inflation and (b) average house prices.

Answer

Tulip Siddiq

Data from the latest UK House Price Index(opens in a new tab) 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 pai...

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