MPs launch review into first-time buyer mortgage savings scheme

MPs have launched a review into how the Lifetime ISA (LISA) product can be improved.

The tax-free savings product is a useful way for first-time buyers to save for a mortgage deposit.

But critics have said the product is limited due to a £450,000 cap on properties that can be purchased using the money, plus there is a 25% withdrawal penalty. Read full article

Estate Agent Today