Written Question·Treasury·UIN 26269
Individual Savings Accounts: Housing
Tabled: 23 January 2025
Answered: 28 January 2025
Question
Danny Beales
Labour — Uxbridge and South Ruislip
To ask the Chancellor of the Exchequer, what assessment she has made of the effectiveness of the upper limit of house prices for which the Lifetime Individual Savings Account can be used without incurring a penalty.
Answer
Emma ReynoldsData 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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