Many young people saw the Lifetime ISA as their ticket onto the housing ladder. But with soaring property prices and a rigid price cap, thousands are now facing unexpected penalties - some are losing thousands in government withdrawal fees.  Writer: Barney Macintyre Producer: Patricia Clarke Executive Producer: Jasper Corbett <hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

Many young people saw the Lifetime ISA as their ticket onto the housing ladder. But with soaring property prices and a rigid price cap, thousands are now facing unexpected penalties - some are losing thousands in government withdrawal fees. Writer: Barney Macintyre Producer: Patricia Clarke Executive Producer: Jasper Corbett Hosted on Acast. See acast.com/privacy for more information.

Many young people saw the Lifetime ISA as their ticket onto the housing ladder. But with soaring property prices and a rigid price cap, thousands are now facing unexpected penalties - some are losing thousands in government withdrawal fees.&nbsp; Writer: Barney Macintyre Producer: Patricia Clarke Executive Producer: Jasper Corbett Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer">acast.com/privacy</a> for more information.

Trapped by the lifetime ISA: a costly catch for first-time buyers

The Sensemaker from Tortoise - one story every day to make sense of the world. To find out more about Tortoise: <a href="https://apps.apple.com/gb/app/tortoise/id1441428990" rel="noopener noreferrer" target="_blank">Download the Tortoise app</a>&nbsp;for a listening experience curated by our journalists. <a href="https://podcasts.apple.com/gb/channel/tortoise/id6442666997" rel="noopener noreferrer" target="_blank">Subscribe to Tortoise+</a>&nbsp;on Apple Podcasts for early access and ad-free content. <a href="https://www.tortoisemedia.com/becomeamember/" rel="noopener noreferrer" target="_blank">Become a member</a>&nbsp;and get access to all of Tortoise's premium audio offerings and more. If you want to get in touch with us directly about a story, or tell us more about the stories you want to hear about contact&nbsp;<a href="mailto:hello@tortoisemedia.com" rel="noopener noreferrer" target="_blank">hello@tortoisemedia.com</a><hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

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The Sensemaker from Tortoise - one story every day to make sense of the world. To find out more about Tortoise: Download the Tortoise app for a listening experience curated by our journalists. Subscribe to Tortoise+ on Apple Podcasts for early access and ad-free content. Become a member and get access to all of Tortoise's premium audio offerings and more. If you want to get in touch with us directly about a story, or tell us more about the stories you want to hear about contact hello@tortoisemedia.com Hosted on Acast. See acast.com/privacy for more information.

The Sensemaker from Tortoise - one story every day to make sense of the world. To find out more about Tortoise: <a href="https://apps.apple.com/gb/app/tortoise/id1441428990" rel="noopener noreferrer">Download the Tortoise app</a>&nbsp;for a listening experience curated by our journalists. <a href="https://podcasts.apple.com/gb/channel/tortoise/id6442666997" rel="noopener noreferrer">Subscribe to Tortoise+</a>&nbsp;on Apple Podcasts for early access and ad-free content. <a href="https://www.tortoisemedia.com/becomeamember/" rel="noopener noreferrer">Become a member</a>&nbsp;and get access to all of Tortoise's premium audio offerings and more. If you want to get in touch with us directly about a story, or tell us more about the stories you want to hear about contact&nbsp;<a href="mailto:hello@tortoisemedia.com" rel="noopener noreferrer">hello@tortoisemedia.com</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer">acast.com/privacy</a> for more information.

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Trapped by the lifetime ISA: a costly catch for first-time buyers

Trapped by the lifetime ISA: a costly catch for first-time buyers

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