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New First Time Buyer ISA to replace LISA
Comments
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There is nothing to suggest that holders of a Lifetime ISA would not be able to open the new homebuyer product and use that instead.
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Understand you can use a LISA & FTB ISA at the same time to purchase a property but only if you contribute to one at a time in a year. Will the house price cap of the LISA still apply or will it be based off whatever the FTB ISA cap will be?
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As mentioned in the first post, the stated intention is to align the property value caps across the products.
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