Question follow-through · 7372

Individual Savings Accounts

To ask the Chancellor of the Exchequer, if she will commission research into the potential impact of the (a) property price limit and (b) exit penalty on first-time buyers who wish to use Lifetime ISAs to buy a property.

answeredTreasury

About this written question

A written question asks a government minister for information in writing. Parliament publishes the question and any answer.

Answering body
Treasury
Tabled
4 Oct 2024
Target answer date
8 Oct 2024
Answer
14 Oct 2024 · 10 calendar days after tabling

Elapsed calendar days describe the record timeline, not whether Parliament considers an answer on time.

Recorded timeline

  1. 4 Oct 2024

    Question tabled

    To ask the Chancellor of the Exchequer, if she will commission research into the potential impact of the (a) property price limit and (b) exit penalty on first-time buyers who wish to use Lifetime ISAs to buy a property.

  2. 8 Oct 2024

    Target answer date

    Date supplied by the official written-questions record.

  3. 14 Oct 2024

    Answer published

    Data from the latest UK House Price Index demonstrates that the average price paid by first-time buyers remains below the LISA property price cap in all regions of the UK.Any unauthorised withdrawals are subject to a 25% withdrawal charge. This recoups th...

Open official record

Official data retrieved 27 Sept 2026.

Later records

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