MSE News: Government fails to act on Lifetime ISA fines

masonic

Kim_13 said:

If you are buying as a couple, £450K is £225K each - some of which must be a mortgage. I don't think that equates to being rich and undeserving of help.

I have long thought there should be different regional limits - £450K in London will buy a one bed flat if that, but if you have £450K in the North I would suggest you probably aren't struggling.

The issue with regional limits is that if you help people in already expensive areas to sell their home for more, then this does nothing to address the regional inequalities.