{"id":140719,"date":"2023-12-16T14:00:53","date_gmt":"2023-12-16T07:00:53","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lifetime-isas-calls-to-increase-price-cap-that-fines-first-time-buyers\/"},"modified":"2023-12-16T14:18:23","modified_gmt":"2023-12-16T07:18:23","slug":"lifetime-isas-calls-to-increase-price-cap-that-fines-first-time-buyers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lifetime-isas-calls-to-increase-price-cap-that-fines-first-time-buyers\/","title":{"rendered":"Lifetime Isas: calls to increase price cap that \u2018fines\u2019 first-time buyers"},"content":{"rendered":"


\nPeople who want to buy property costing more than \u00a3450,000 say they unfairly face losing moneyCampaigners are pressing for changes to a UK government scheme for would-be first-time buyers that \u201cfines\u201d people if they use it to buy a home costing more than \u00a3450,000.Martin Lewis, the founder of MoneySavingExpert.com, is among those calling for an urgent revamp of the rules that apply to lifetime Isas, which let people save for a first home or for their retirement. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Lifetime Isas: calls to increase price cap that \u2018fines\u2019 first-time buyers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

People who want to buy property costing more than \u00a3450,000 say they unfairly face losing...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-140719","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ABF","jetpack-related-posts":[{"id":64014,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/heres-help-to-decide-which-of-two-isas-is-the-best-to-buy-into\/","url_meta":{"origin":140719,"position":0},"title":"Here\u2019s help to decide which of two Isas is the best to buy into","date":"August 19, 2017","format":false,"excerpt":"\r A million people have taken out the help-to-buy Isa, but there\u2019s another option for saversThe government is hailing the success of the help-to-buy Isa, with figures released today which show that a million accounts have been opened by first-time buyers since December 2015, with \u00a31.8bn saved towards buying a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120826,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-my-partner-and-i-buy-two-properties-using-lifetime-isas\/","url_meta":{"origin":140719,"position":1},"title":"Can my partner and I buy two properties using lifetime Isas?","date":"July 5, 2021","format":false,"excerpt":"\r We want to buy a house in my partner\u2019s name and later rent it out and buy another one in mineQ My partner and I are first-time buyers and we each have a lifetime Isa (Lisa). We are considering putting our savings together to buy a house in my\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8620,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lifetime-isas-greeted-with-mixed-opinions\/","url_meta":{"origin":140719,"position":2},"title":"Lifetime Isas greeted with mixed opinions","date":"March 20, 2016","format":false,"excerpt":"\r Experts fire warning that traditional pension savings shouldn\u2019t be passed overThe lifetime Isa announced in last week\u2019s budget has split opinion among pension experts, with some warning it could force young people to work until they drop, but others hailing it as a \u201cno-brainer\u201d for younger workers.The accounts are\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8232,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-expert-calls-for-tax-free-isas-to-be-made-lifetime-savings-accounts\/","url_meta":{"origin":140719,"position":3},"title":"Pension expert calls for tax-free Isas to be made lifetime savings accounts","date":"August 5, 2014","format":false,"excerpt":"\r Savings proposal suggests the Treasury could contribute 50p for every pound saved, up to an annual allowance of \u00a38,000Tax-free Isas should be transformed into \"lifetime\" savings accounts topped up with Treasury cash, according to a leading pensions expert.Michael Johnson, a research fellow at the Centre for Policy Studies thinktank,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23635,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/labour-attacks-misleading-help-to-buy-isas\/","url_meta":{"origin":140719,"position":4},"title":"Labour attacks 'misleading' help-to-buy Isas","date":"August 22, 2016","format":false,"excerpt":"\r Scheme launched by George Osborne in the 2015 budget criticised for not paying a 25% bonus until the property deal is completedA government-promoted savings account taken out by more than 500,000 aspiring first-time buyers has been dubbed a \u201csham\u201d that has betrayed young people hoping for their first step\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149473,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nationwide-warns-reeves-against-cutting-tax-breaks-on-cash-isas\/","url_meta":{"origin":140719,"position":5},"title":"Nationwide warns Reeves against cutting tax breaks on cash Isas","date":"February 12, 2025","format":false,"excerpt":"\r City wants more investment in stocks but move could reduce availability of mortgages for first-time buyers Britain\u2019s biggest building society has waded into a row over whether the government should cut tax breaks on cash Isas, arguing such a move would reduce the availability of mortgages for first-time buyers.In\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/140719"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=140719"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/140719\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=140719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=140719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=140719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}