Submitted on Tuesday 3rd May 2022
Rejected on Wednesday 4th May 2022
Current status: Rejected
Rejection code: duplicate (see below for details)
Increase the £450k Lifetime ISA (LISA) house price cap
Raise the house price cap of the Lifetime ISA so that first-time buyers are not punished for rising house prices.
House prices have risen by 23% since the Lifetime ISA was launched. If the price cap had increased by the same amount it would be £553,500.
Average house prices in Surrey stand at £621,134, well above the price cap on the LISA. It is becoming increasingly difficult to find a house beneath the £450k limit.
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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/606409
18.188.114.150 Sun, 22 Dec 2024 10:32:59 +0000
