{"id":1513,"date":"2025-07-09T10:09:01","date_gmt":"2025-07-09T10:09:01","guid":{"rendered":"http:\/\/www.vecimasupport.com\/?p=1513"},"modified":"2025-07-15T00:13:35","modified_gmt":"2025-07-15T00:13:35","slug":"martin-lewis-urges-everyone-born-between-these-years-to-put-1-in-bank-account-asap","status":"publish","type":"post","link":"http:\/\/www.vecimasupport.com\/index.php\/2025\/07\/09\/martin-lewis-urges-everyone-born-between-these-years-to-put-1-in-bank-account-asap\/","title":{"rendered":"Martin Lewis urges everyone born between these years to put \u00a31 in bank account \u2018ASAP\u2019"},"content":{"rendered":"
\n
\n\t\t\"\"\t<\/div>
The MSE founder shared advice on his latest podcast episode (Picture: Getty\/Shutterstock)<\/figcaption><\/figure>\n

Martin Lewis<\/a> has issued new savings<\/a> advice for everyone born between 1986 and 2007.<\/p>\n

In the latest issue of his podcast<\/a>, the Money Saving Expert (MSE) founder urged those aged between 18 and 39 to take advantage of a scheme<\/a> to help them get on the property ladder \u2014 and to do it sooner rather than later.<\/p>\n

He advised anyone within this age group who wants to buy a house to put \u00a31 in a Lifetime ISA (LISA) account<\/a> ‘ASAP’, both to reap the rewards it offers and ensure they don’t miss out due to a cut-off.<\/p>\n

The government-backed scheme gives first time buyers 25% extra on savings of up to \u00a34,000 a year in the tax-free account.<\/p>\n

While the bonus – which adds up to a maximum of \u00a31,000 for each year you have it, and can be spent on properties priced up to \u00a3450,000<\/a> – is only payable after a year, you don’t have to put the full amount in straight away to receive it.<\/p>\n

Savers can also put money into a LISA until they turn 50, but need to make their first payment before reaching 40 years old to receive bonuses.<\/p>\n

\n

\n\t\t\t\tReady to start your homebuying journey?\t\t\t<\/h2>\n
\n

You can access completely fee-free mortgage advice with London & Country (L&C) Mortgages, a partner of Metro. Customers benefit from:<\/p>\n

\u2013 Award winning service from the UK\u2019s leading mortgage broker<\/p>\n

\u2013 Expert advisors on hand 7 days a week<\/p>\n

\u2013 Access to 1000s of mortgage deals from across the market<\/p>\n

Unlike many mortgage brokers, L&C won’t charge you a fee for their advice.<\/p>\n

Find out how much you could borrow online<\/a><\/p>\n

Mortgage service provided by London & Country Mortgages (L&C), which is authorised and regulated by the Financial Conduct Authority (registered number: 143002). The FCA does not regulate most Buy to Let mortgages. Your home or property may be repossessed if you do not keep up repayments on your mortgage.<\/em><\/p>\n<\/p><\/div>\n<\/p><\/div>\n

Martin explains<\/a>: ‘Just putting a pound in now even if you’re not ready to use it means when you are<\/em> ready to use it the clock will have been ticking.<\/p>\n

‘You would have had it open a year. So you’re perfectly eligible to suddenly go and get the bonus when you want.<\/p>\n

‘In fact, parents, on your kid’s 18th birthday, why not get them a LISA and put a pound in it?’<\/p>\n

\n
\n