185,000 Lifetime ISA savers fined £127m due to unauthorized withdrawals; LISA property price limit hinders first-time buyers.
185,000 Lifetime ISA (LISA) savers were fined £127m due to unauthorized withdrawals, as the £450,000 cap on property purchases hinders first-time buyers. Unauthorized withdrawals have doubled in the past three years, while house prices in some areas increased by 42% during the same period. MPowered Mortgages calls for the LISA property price limit to be index-linked to reflect rising house prices in the UK.
June 13, 2024
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