The savings platform said the LISA has now supported more than 417,000 first-time buyer purchases nationwide, highlighting its growing role in helping buyers build a deposit amid ongoing affordability challenges.
Moneybox’s own customers have contributed over £3.2bn towards property deposits using the product, which offers a 25% government bonus of up to £1,000 per year on savings.
Bristol emerges as LISA hotspot
Constituency-level analysis from Moneybox found Bristol East recorded the highest number of LISA-supported property purchases, with 1,364 completed since launch.
It was followed by Bristol North East with 1,198 purchases and Bristol South with 1,123, making Bristol home to the three most active constituencies for LISA-enabled home buying.
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Outside Bristol, Didcot and Wantage ranked fourth with 996 purchases, while Dunstable and Leighton Buzzard completed the top five with 980.
Across the UK, first-time buyers using a LISA purchased homes worth an average of £266,758.
One million purchases forecast
Moneybox forecasts the LISA will help facilitate one million first-time buyer purchases by 2036 as uptake continues to grow.
The firm said more than one million people are currently using a LISA to save either for their first home or retirement.
Brian Byrnes, director of personal finance at Moneybox, said the product remained an important source of support for aspiring homeowners.
“First-time buyers are facing some of the toughest buying conditions in a generation. Against that backdrop, the Lifetime ISA is a vital source of support: in 2025, a Moneybox customer used one to buy their first home every 10 minutes,” he said.
Byrnes said the government bonus was helping buyers who could not rely on family support to build a deposit.
He continued: “Our data shows the difference the 25% government bonus can make, particularly for those who cannot rely on the Bank of Mum and Dad to bridge the deposit gap. It is helping people turn long-term saving into a realistic route to homeownership.”
He added that while the LISA was working, improvements were needed to areas such as the withdrawal penalty and the property price cap.
The government has proposed the replacement of the LISA with the First Time Buyer ISA.
Byrnes said: “The Lifetime ISA has been helping first-time buyers for almost a decade, and it is working. It needs targeted improvements, including to the withdrawal penalty and house price cap, but these changes can be made now for the people already relying on it.”
