We love dear LISA but she is in need of a makeover

In London, the number of houses purchased in London using a Moneybox Lifetime ISA jumped 49% in 2024. Against a backdrop of spiraling property prices over the last decade, and the fact that the average cost of a house in London outstrips the national average at £511,000, it is clear why young people across the capital are turning to the LISA for help. Despite a LISA property purchase price cap of £450,000, Moneybox LISA-enabled FTBs who bought their first home in London last year, paid £367,000 on average, having saved £17,637 in their Lifetime ISA towards their deposit, which included a government bonus of £3,211.