Martin Lewis has told people not yet on the property ladder to invest £1 toward their first home even if they can't afford to save yet.
In a new TikTok video on his official @martinlewismse channel, the Money Saving Expert founder explains how a lifetime ISA can add £1,000 a year to your savings.
He says: "If you've never owned a house put £1 in a lifetime ISA. Why? Because it gets the clock ticking."The lifetime ISA is a savings product you can put up to £4,000 a year in but when you do the state puts 25% on top."If you put £4,000 in, they will give you £1,000 toward your first home."Martin then explains the "simple" reason you should put £1 in an account right now – even if you aren't ready to seriously invest.He says: "You have to have.
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