First time buyer

The launch tomorrow of the new LISA (Lifetime ISA) looks like it's going to be a damp squib, with only a few providers offering them. Yet don't ignore it. After all, £1,000 of annual free cash is nowt to be sneezed at - and for first-time buyers, delay could cost.

Anyone wanting to open a Lifetime ISA will be first made fully aware of how the product works and how much it will cost to make early withdrawals, under proposals by the financial regulator.

First-time buyers will be able to get a Government bonus towards a first home in time to bolster their deposit when they exchange contracts under the new Lifetime ISA (LISA) scheme, which begins next year.

Halifax will cover the cost of stamp duty for some first time buyers — one of many deals that have made mortgages cheaper than ever for those lucky enough to qualify for one. Here, MoneySavingExpert.com analyses the offer.

The proceeds of selling off 4G mobile phone licences should be used to "kick-start the economy" by building 100,000 affordable homes and funding a tax break for first-time buyers, shadow chancellor Ed Balls will say today.