In a long awaited response to the Treasury Select Committee’s report on the Lifetime ISA (LISA), the Government started positively, by explicitly acknowledging ‘the importance of the Lifetime ISA in supporting people to achieve the aspiration of home ownership’.
Without a doubt, this much needed product is delivering on its original purpose and helping young people save and invest earlier in life towards their first home and, for many, plan for their retirement. In London alone we’ve seen a 32% year on year increase in Moneybox LISA enabled house purchases year to date.
