Bristol has been named the UK’s Lifetime ISA hotspot - the most popular region among first-time buyers who have used the savings and government bonus scheme to buy a property.
Using customer LISA house purchase withdrawal data, Moneybox revealed the southwest city has come out on top three years in a row with a 13% increase in the number of first-time buyers choosing there in the last year.
The average property price paid by these first-time buyers in Bristol was £314,307, and each withdrew £13,159 on average - including a 25% government bonus - from their Lifetime ISA to put towards their deposit.
