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  • FIRST POST
    • MSE Megan F
    • By MSE Megan F 19th Jun 17, 5:02 PM
    • 170Posts
    • 59Thanks
    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
    • 5,798 Posts
    • 5,681 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
    • 89,548 Posts
    • 55,995 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.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • veryintrigued
    • By veryintrigued 19th Jun 17, 6:19 PM
    • 2,090 Posts
    • 1,360 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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