Chancellor Jeremy Hunt is considering reforms to individual savings accounts (ISAs) in the upcoming Autumn Statement, alongside a slew of other proposals aimed at helping first-time buyers, The Times reported.
It is yet another announcement being lined up by the Conservative Party on housing affordability. You could be forgiven for thinking it’s Groundhog Day – only despite the announcements, every day doesn’t stay the same. It gets worse instead, with a seemingly inexorable rise in house prices, rents and deposit requirements pulling ownership further and further out of reach.
As someone who’s been shafted by the Conservatives’ Lifetime ISA product, I have a word of advice – don’t touch these poisoned promises with a barge pole. Why should anyone trust the Conservatives on housing after 13 years of housing policy failure…
To read this full article on how the Lifetime ISA, a product designed to help people like me get on the first rung of the housing ladder, will end up costing me thousands of pounds, please visit i News using the link here: https://inews.co.uk/opinion/regret-first-time-buyer-scheme-2704393