Lifetime Isas: calls to increase price cap that ‘fines’ first-time buyers

People who want to buy property costing more than 450,000 say they unfairly face losing money

Campaigners are pressing for changes to a UK government scheme for would-be first-time buyers that fines" people if they use it to buy a home costing more than 450,000.

Martin Lewis, the founder of MoneySavingExpert.com, is among those calling for an urgent revamp of the rules that apply to lifetime Isas, which let people save for a first home or for their retirement.