City with UK's savviest first-time buyers revealed - and they're saving thousands First-time buyers in Bristol have been named the most astute in the UK, making the most of the government's Lifetime ISA (LISA) scheme to get a foot on the property ladder.
Brian Byrnes, head of personal finance at Moneybox, which has backed one million LISA savers since 2017, remarked: "For many decades, homeownership has been viewed as a cornerstone of financial stability and one of the most effective ways to build wealth through equity growth over time.
"It's incredibly encouraging to see the Lifetime ISA embraced across the UK from cities like Bristol to more remote areas such as the Outer Hebrides by people from all walks of life looking to achieve this crucial financial milestone.".
In 2024, first-time buyers across the UK who used LISAs purchased properties averaging £270,000 in value, enjoying an average government bonus of £2,613.
The LISA scheme's popularity is on the rise, with Moneybox reporting a significant 38% surge in new LISA accounts opened in 2024 compared to the previous year.
