Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he has considered increasing the maximum property value eligible under the Lifetime ISA from £450,000.

Data from the latest UK House Price Index shows that while the average price paid by first-time buyers has increased, it is still below the LISA property price cap in all regions of the UK except for London, where the average price paid is affected by boroughs with very high property values.

The Government keeps all aspects of savings tax policy under review.