Laura Suter looks at the potential benefits of helping clients switch from a Help to Buy to a Lifetime ISA in her latest article for Professional Adviser
With a huge focus over the past few years on the period of high inflation resulting in high interest rates, and the impact this has had on the cash people hold in their savings accounts, it feels only natural to turn attention to older products which are no longer paying an attractive rate on cash when compared with newer ones. It's been almost five years since Help to Buy ISAs were closed to new applicants but there are 2.2 million accounts still held by aspiring homeowners, worth around £5.5bn. With an interest rate gap of 2.34% between the best-paying Help to Buy ISA and the top rate ...
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