Lifetime ISA or LISA
The Nottingham is offering customers the Cash Lifetime ISA
You'll probably hear the word LISA banded around a fair bit in the coming years. Don't be confused, it's not the latest trend in girls names (it’s actually pronounced Lie-sa), but a Government scheme that could help you get a £1,000 a year bonus on your savings*.
53% of 1,028 savers that we surveyed in October 2018 were not aware of the Lifetime ISA with a 25% Government bonus on savings.
If you're aged between 18 and 39, you can benefit from opening a Lifetime ISA and earn as much as £32,000 in free cash from the Government to put towards your first home or your retirement.
You can open an account within minutes online.
Fee free mortgage advice will save you up to £299
And by opening your LISA with The Nottingham, after 12 months you automatically qualify for fee free mortgage advice (usually worth £299) through our Nottingham Mortgage Services advisers who will search thousands of mortgages, get the right match for you, explain the jargon and take care of the paperwork so you can move into your first home.
In the meantime, you can find out here what a LISA is, how it works and what you need to do to start benefitting.