Reducing cash ISA limit will make lending difficult and expensive, warn providers

An open letter from the Building Societies Association has urged the chancellor to keep the cash ISA limit at £20,000. We look at whether a smaller cash ISA allowance will make it harder to get a mortgage or loan

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(Image credit: sakchai vongsasiripat via Getty Images)

Mortgage and loan providers have rallied together to urge the chancellor to leave the cash ISA limit unchanged at £20,000, saying a reduction would make lending more difficult and expensive.

In an open letter, the Building Societies Association (BSA) wrote to Rachel Reeves to express their “concern” over rumours that the cash ISA limit could be reduced.

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Daniel is a digital journalist at Moneyweek and enjoys writing about personal finance, economics, and politics. He previously worked at The Economist in their Audience team.

Daniel studied History at Emmanuel College, Cambridge and specialised in the history of political thought. In his free time, he likes reading, listening to music, and cooking overambitious meals.