Increase the maximum property value for the lifetime ISA

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Petition Action

Increase the maximum property value for the lifetime ISA

Petition Details

The Lifetime ISA cap on property value should be raised inline with annual house price inflation

Additional Information

As the economy recovers from the pandemic more and more first time buyers will be left out of the economic recovery as houses they wish to buy become more and more expensive. With the penalty for taking money from the Lifetime ISA forcing first time buyers to only consider properties within an ever shrinking pool.

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