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Many young people are paying £100s/£1,000s fines to the govt to access money they saved to buy a first time house. It's time to #EndLISALockout
Today I've contacted the Chancellor @Jeremy_Hunt to ask him to fix Lifetime ISAs in the autumn statement. They're now a dead duck for many 1st time buyers especially in urban areas.
The LISA can be opened age 18-39 and then it gives savers a 25% bonus up to £1,000 a year towards a housing deposit. It should be great (& is for many).
Yet LISAs launched in 2017 with a £450,000 cap on the property you could use them for. That cap is still the same now, but house prices have gone up 33%. That leaves some who've saved squeezed out. Eg.
You saved the max in a LISA for 5yrs:
- You put in £20,000, state added £5,000, so you've £25,000
- Yet the home you wanted & saved for is now just above the threshold.
- So now you face a 25% penalty to withdraw your money, so you get only £18,750 back that's £1,250 less than you put in, and the different goes to the state.
My ask to the Chancellor is simple. Either wipe the fine for those buying houses above the threshold or raise the threshold in line with house price rises (or both).
Full info https://t.co/JJCaXv1aLo
Ignite creativity & imagination with our Filmmaking Summer School!🎥
Take part in a filmmaking summer school exploring the natural environment of Auckland Castle Deer Park. Each young filmmaker will direct, shoot, and produce their very own short film.
https://t.co/HrqkK03J8Z
The banner is up in front of the Church Hall, Stanhope and we are gearing up for the Weardale Book Fair on Saturday plus the Children's events at the #WeardaleRailway Look forward to seeing you there! https://t.co/6Mm5xym24R
#Weardale#creativewriting
Lots of fantastic creative actives for kids at our Children's Book Event on the Story Train. Saturday 5 August at Stanhope Station. https://t.co/6Mm5xymzUp
#WeardaleRailway#NorthPennines#creativewriting
330 million year old perfection - a wee crinoid ossicle that beautifully highlights their five-fold (pentaradial) symmetry. There’s also a tiny fragment of bryozoan in the bottom right 🖤
Christmas can be an expensive time of year for most. Due to this, we are offering a 50% discount on Spanish Gallery and Mining Art Gallery tickets until 18 December with a valid Auckland Castle Christmas Experience ticket.
Read the full T&Cs -> https://t.co/3UBRcOFOlI
This weekend offers the last chance to see Salvador Dali's masterpiece, Christ of St John of the Cross at @aucklandproject's Spanish Gallery in Bishop Auckland!
More information can be found at
https://t.co/yQyPvFs0pj
Are you looking to work somewhere steeped in history and surrounded by friendly, interesting people?
We are on the look-out for:
📈 Finance Assistant
🧑💻 Marketing Manager
🧑🍳 Chef de Partie
Find out more and apply -> https://t.co/nGF4Sgx4xv
Seven viruses that have lain frozen in the Siberian permafrost for thousands of years have been revived – and one is 48,500 years old https://t.co/7JuzIeoLWL
Sundays just got better!
El Castillo is introducing a mouth-watering brunch menu that will give you a reason to get out of bed in the morning.🤤🤤
Which one would you choose?
Browse the menu -> https://t.co/4siNBIzvwW