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  • FIRST POST
    • MSE Megan F
    • By MSE Megan F 19th Jun 17, 5:02 PM
    • 153Posts
    • 52Thanks
    MSE Megan F
    Over 15,000 cash Lifetime ISAs opened
    • #1
    • 19th Jun 17, 5:02 PM
    Over 15,000 cash Lifetime ISAs opened 19th Jun 17 at 5:02 PM
    The first cash Lifetime ISA has already proved popular with savers, with thousands opened in the first week of its launch. ...
    Read the full story:
    ’ 'Over 15,000 cash Lifetime ISAs opened' '

    Click reply below to discuss. If you haven’t already, join the forum to reply.
    Last edited by MSE Megan F; 19-06-2017 at 5:05 PM.

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    • eskbanker
    • By eskbanker 19th Jun 17, 5:19 PM
    • 5,603 Posts
    • 5,435 Thanks
    eskbanker
    • #2
    • 19th Jun 17, 5:19 PM
    • #2
    • 19th Jun 17, 5:19 PM
    You'd obviously expect the first product to market to attract a decent level of interest, especially given the widespread mistrust of S&S (which, in the context of saving for a property deposit, isn't unreasonable) but just for some context there were 338,800 first-time buyers last year, according to https://www.cml.org.uk/industry-data/key-uk-mortgage-facts/
    • dunstonh
    • By dunstonh 19th Jun 17, 6:08 PM
    • 89,852 Posts
    • 55,455 Thanks
    dunstonh
    • #3
    • 19th Jun 17, 6:08 PM
    • #3
    • 19th Jun 17, 6:08 PM
    Lets hope not many of those 15,000 are using them for retirement planning.
    • veryintrigued
    • By veryintrigued 19th Jun 17, 6:19 PM
    • 2,042 Posts
    • 1,284 Thanks
    veryintrigued
    • #4
    • 19th Jun 17, 6:19 PM
    • #4
    • 19th Jun 17, 6:19 PM
    Be interested to know what this equates to in terms of the money that's been deposited.
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