First-time buyers’ trick: Max LISA and Help to Buy ISA gains by timing it right
The new Lifetime ISA (LISA) launches next April. It allows eligible savers to put away up to £4,000 a year. Then if it’s used for a first-time home purchase or retirement, the state adds a 25% bonus on top – a possible £1,000 a year bonus for up to 30 years. While the already up-and-running Help to Buy...
The Help to Buy ISA vs Lifetime ISA – which should first-time buyers get?
Update Note August 2016: While reviewing this blog I’ve noticed that in bashing it out, I used the term house deposit as shorthand – but that is ambiguous. So to clarify I am talking about the deposit you need to get a mortgage for a house, not the deposit you must give a seller at exchange. This...
11 February 2025
-
Compare+ Home Insurance tool
Beat 19% price hikes
-
Stop overpaying on energy
Avoid 6% April rise
-
Cheap medical insurance
Our five must-knows
-
30+ AI tools
Save time and hassle
-
Beat Microsoft price hike
Subscriptions up £30
-
Top 5% savings
Post-base rate cut
-
When'll mortgages fall?
See lender-by-lender
-
Read the full email
For all the latest deals, guides and loopholes simply sign up today – it's spam-free!
Recent Blogs
-
Martin Lewis: Is it time to ban unnecessary Christmas presents?
16 December 2024![]()
Update September 2017: It’s eight years since I first braved this subject, expecting a snowstorm of protest. Instead, year after year more join in, like Julia who recently tweeted me, “@MartinSLewis, finally took your advice and told my family I can’t afford Christmas presents. What a weight off my mind. Thank you.” One year even the Archbishop of...
