The Lifetime ISA has helped many first-time buyers to own a home, but aspects of its design have limited its effectiveness in tackling housing affordability. These aspects include the Lifetime ISA’s nature as a hybrid product supporting both homebuying and retirement savings, its punitive withdrawal charge, and a property price cap that has not increase in pace with house prices. We support the government’s decision to replace the Lifetime ISA. (Conclusion, Paragraph 124)