First-timers missing out on free £9.4bn

First-time buyers are missing out on £9.4bn of extra cash as fewer than 2% of those eligible are using a Lifetime Isa, research from savings app Moneybox suggests. It says that while 9.5m Britons are potential first-time buyers, only 150,000 have opened the Isa launched in April 2017 which lets savers aged 18 to 39 add up to £4,000 in each tax year - with the state adding 25% to the pot.

The Daily Telegraph (04/05/2018)

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