Individual Savings Accounts: Housing — Written Question

Question

Danny Beales

Labour — Uxbridge and South Ruislip

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of raising the upper limit of house prices for which the Lifetime Individual Savings Account can be used without incurring a penalty for people living in (a) Gr

Answer

Emma Reynolds

While the Government will continue to monitor the situation, it currently remains of the view that the property price cap for the Lifetime ISA is set at an appropriate level to support most first-time buyers across the UK while targeting households that m...

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