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Increase Help to Buy ISA and LISA property price cap or remove cap completely.

Submitted on Monday 25th April 2022

Rejected on Friday 29th April 2022

Current status: Rejected

Rejection code: duplicate (see below for details)

Petition Action

Increase Help to Buy ISA and LISA property price cap or remove cap completely.

Petition Details

Increase the cap of Help to Buy and Lifetime ISA house price cap
Help to buy ISA and LISA encourage people to save for their first home, worth less than £250k outside London and £450k outside London by offering a government bonus. Average house prices across the country have risen dramatically.

Additional Information

Many people are struggeling to buy property due to high housing prices. People have been saving using Help to buy Isa and LISa, to qualify for the goverment bonus. I have reached the stage to buy a house with my husband, but I am unable to as house prices in our are are over £250k, so 4 years of saving and relying on goverment bonus are gone. It is heartbreaking, i know we arent the only ones in the same position. I would like to ask cap to be increased or removed completely.
Thank you


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This petition was rejected

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.

You might like to sign the following petitions, which make similar requests:

Increase the price cap for the Help to Buy ISA scheme outside of London
petition.parliament.uk/petitions/614815

Increase the value of the property you can buy with a Lifetime ISA to £550k
petition.parliament.uk/petitions/606409

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