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Increase the £450k Lifetime ISA (LISA) house price cap

Submitted on Tuesday 3rd May 2022

Rejected on Wednesday 4th May 2022

Current status: Rejected

Rejection code: duplicate (see below for details)

Petition Action

Increase the £450k Lifetime ISA (LISA) house price cap

Petition Details

Raise the house price cap of the Lifetime ISA so that first-time buyers are not punished for rising house prices.

Additional Information

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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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.

petition.parliament.uk/petitions/606409

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