Submitted on Saturday 20th August 2016
Rejected on Monday 22nd August 2016
Current status: Rejected
Rejection code: duplicate (see below for details)
Enable the Help To Buy ISA 25% bonus to be used towards a deposit for a house
It has recently come to light that the 25% bonus available under the government's Help To Buy ISA cannot be used towards a deposit and instead is only granted once the house purchase is completed. The scheme has been widely misrepresented as a product to help first time buyers save for a deposit.
This renders the scheme technically useless to those that need it most - budding homeowners unable to get onto the property ladder due to the large deposit required.
George Osborne last year, promised to provide “direct government support to anyone saving for the deposit on their first home”.This was a clear misrepresentation.
The excuse of the government is that some purchases fall through. The simple answer is for a solicitor to give an undertaking to send the money back if this happens.
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The Government e-Petitions Team gave the following reason:
There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
petition.parliament.uk/petitions/165376
3.17.150.163 Fri, 03 May 2024 04:40:06 +0100
