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Business · 1 hour ago

New First-Time Buyer Isa to Replace Lifetime Isa

New First-Time Buyer Isa to Replace Lifetime Isa

Illustration: AI-generated for editorial context. Not photographic evidence.

Chancellor John Healey has announced a new Isa for first-time buyers to replace the Lifetime Isa, and savers will be able to take money out of existing Lifetime Isas without the old penalties. In his first Budget he also confirmed a £4.7bn equity loan scheme called Your First Home, cheaper borrowing for councils building homes, and no VAT on land sold to social housing providers.

Reported by The Guardian · How we write briefs

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