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The Independent UK
The Independent UK
Albert Toth

Warning over Lifetime ISAs as savers risk being fined or ‘frozen out’

AJ Bell Martin Lewis
First-time buyers may have to choose properties they don’t want or face unfair fines - (Getty Images)

First-time buyers taking advantage of a popular government scheme could be forced to choose properties they don’t want or face unfair fines, money experts have warned.

Introduced in 2016, Lifetime ISAs (LISAs) are designed to help people get on the property ladder even as house prices rapidly outpace inflation.

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