Martin Lewis Britain reports recommendations Martin Lewis Britain

Martin Lewis explains how people can get free £1,000 a year to buy first home with just £1

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Get the day's biggest stories sent direct to your inbox so you never miss a thing Martin Lewis has detailed a scheme that sees people receive £1,000 a year to help buy their first home.

The MoneySavingExpert founder explained that this help can be found through Lifetime ISA (LISA) saving accounts. Martin took to TikTok to reveal how you can open a new LISA with just £1 - and recommended doing this even if you’re not ready to buy a home just yet. READ MORE: Primark promises change to all its clothes in UK stores In the video, titled 'Why you should stick £1 in a Lifetime ISA NOW!', Martin said: “If you’ve never owned a house, put a quid in a Lifetime ISA.

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