Individual Savings Accounts
Commons · Question 9222 · Tabled 15 Oct 2024 · Treasury · Official record
Answered 23 Oct 2024
Question
Asked by Daisy Cooper
To ask the Chancellor of the Exchequer, if she will make it her policy to increase the Lifetime ISA property cap threshold in line with the rate of house price inflation.
Answer
Answered by James Murray, 23 Oct 2024
Data 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...