Written Question·Treasury·UIN 11013

Individual Savings Accounts: First Time Buyers

Tabled: 24 October 2024
Answered: 29 October 2024
Named Day

Question

Helen Hayes

LabourDulwich and West Norwood

To ask the Chancellor of the Exchequer, if she will review the Lifetime ISA withdrawal limit to support first time buyers in London.

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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