Should you still open a Lifetime Isa to save for a first home, even though new Government backed account is on the way?

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There was good news for prospective first-time buyers in Chancellor John Healey’s recent Budget, as a new Isa was announced to help people get on the property ladder. 

The First Time Buyer Isa will be similar to the existing Lifetime Isa (Lisa) in that it will provide savers with a government bonus on their cash. 

And in a major boost for buyers,

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