Martin Lewis says Lifetime ISA penalty is 'hideously unjust' for first-time buyers amid £450k property cap

Martin Lewis says Lifetime ISA penalty is 'hideously unjust' for first-time buyers amid £450k property cap

Martin Lewis has criticised the 25 per cent penalty on Lifetime ISA withdrawals as "ridiculously unfair" for savers unable to buy within the scheme’s property limit.Speaking on his BBC podcast, Mr Lewis highlighted the impact on first-time buyers who opened accounts when the scheme launched in 2017.Mr Lewis said: "Clearly, it's ridiculously unfair to have that frozen."He added: "People got these products in 2017 thinking they were going to be ab…