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<p>As first-time buyers tend to buy smaller (and therefore cheaper) properties, the
Help to Buy: ISA’s property price cap of £250,000 for properties outside London (£450,000
within London) allows the Government to target support more precisely at the people
the scheme is intended to help.</p><p><strong> </strong></p><p>While the Government
keeps all savings policy under review, individuals with a Help to Buy: ISA can transfer
their savings to a Lifetime ISA without incurring any penalties. The Lifetime ISA
allows first-time buyers to benefit from the Government bonus when purchasing properties
up to £450,000 anywhere in the UK.</p><p> </p><p>Further information on the Lifetime
ISA together with a comprehensive list other forms of home purchase support schemes
can be found on the Government’s website below:</p><p> </p><p><a href="https://www.ownyourhome.gov.uk/"
target="_blank">https://www.ownyourhome.gov.uk/</a></p>
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