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The government will reduce the withdrawal charge for existing LISA holders who use their savings to purchase a first home above the £450,000 property price cap.

Your First Home will enable eligible first-time buyers to purchase new build homes with deposits as low as 2.5%.

The measure could raise more than £1bn annually for the Treasury, but has prompted questions about the potential implications for lending activity.

From April 2027, £8,000 of the allowance was due to be exclusively for investment in stocks and shares.

Healey confirmed changes to the pension Triple Lock system from 2030, reiterating that those relying solely on the state pension will not have to pay income tax.

Andrew Gething, managing director of support services provider MorganAsh, explores the differences between sharing types of vulnerability data, looking at differing views between...

Rely has also reduced rates across its existing 80% LTV range.

More than a third of them – 708 properties worth £2.2 billion – are new build homes or development sites.

The scheme is designed to support participating lenders in offering lower-cost finance for eligible home improvements.

Residential and buy-to-let rates have reduced by up to 0.15%.