Submitted by Daniel Jarvis on Saturday 22nd October 2022
Published on Wednesday 5th April 2023
Current status: Closed
Closed: Thursday 5th October 2023
Signatures: 62
Relevant Departments
Increase the Lifetime ISA (LISA) maximum home purchase price
I want the Government to increase the value of the maximum purchase price for a home when using the Lifetime ISA (LISA) scheme.
The current maximum value of a property that can be purchased using a LISA as a first-time buyer is £450,000. This is not enough, especially due to house price increases in the last few years.
In many areas you are simply unable to buy a suitable home for £450,000. Especially due to the 10-20% increase in house prices over the last few years. The £450,000 home price limit should be increased, to at least £500,000.
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