
The Your First Home scheme lets first-time buyers in England buy a new-build home with a 2.5% deposit and a 20% government equity loan, interest free for five years. Who qualifies, the price caps, what you pay from year six, and what is still to be published.

The First Time Buyer ISA replaces the Lifetime ISA for new savers from April 2029, with a 25% bonus paid when you buy, no age limit and no withdrawal charge. Here is the final design, what stays the same, and what it means if you already hold a LISA.

The Lifetime ISA hands you a 25% government bonus, up to £1,000 a year, towards a first home or retirement. But the 25% withdrawal penalty is harsher than it first looks, the £450,000 property cap has not moved since 2017, and for many savers a pension still wins. Here is exactly how the LISA works…
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