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The Lifetime ISA was launched in 2017 The maximum value of a house you can buy using it is £450k and has never increased House prices across the UK have risen 23% since the launch of the Lifetime ISA The average house in London now costs £507k Increase the damn cap! 👏🏼Permalink On twitter.com
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Mood +1 🙂
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How is it not logical to have the cap increase as house prices increase? If anyone argues that it would cause house prices to shoot up even more, then that just admits that the original solution never solved the underlying issue of affordable homes in the UKOn twitter.com
Mood +4 🙂
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Btw, the data above was sourced from this article by AJBell The article also states that if the cap increased with house prices then the max value of a house you can buy using the ISA would be around £553,725 today ajbell.co.uk/news/lifetime-isa-property-limit-should-have-risen-ps100000-house-price-inflation-hits-pre-crashPermalink On twitter.com
Mood +1 🙂