Have your say on government e-petitions

Reform the purchase price limits for buying a home using a Help to Buy ISA

Submitted by Martina Belli on Wednesday 16th November 2022

Published on Tuesday 22nd November 2022

Current status: Open

Open until: Monday 22nd May 2023

Current Signatures: 7
(count is updated approximately hourly)

Relevant Departments

Tagged with

Build ~ Buying ~ CLOSED ~ country ~ Equity ~ Help to Buy ~ Homes ~ kent ~ level ~ Loan ~ Londoners ~ Old ~ plan ~ Price ~ property ~ Reform ~ Surrey ~ The Government

Petition Action

Reform the purchase price limits for buying a home using a Help to Buy ISA

Petition Details

The Government should set the maximum property prices for using a Help To Buy ISA to purchase a house at the same levels of Help to Buy Equity Loan for new-build homes and to at least £350k outside London and £550k in London for 'old build' homes.

Additional Information

The Government has closed the Help to Buy ISA to new applicants. People who already have a Help to Buy ISA can still benefit from the 25% help from the Government, but the limits on property prices are more restrictive than those for other help to buy schemes (Help to Buy Equity Loan and Lifetime ISA).

This can mean that people are unable to benefit from their Help to Buy ISA, especially if they plan to buy in an area like Surrey or Kent, where property prices are way more expensive than other parts of the country.

If you want to sign this petition (as opposed to merely discuss it), you need to do that on the government's e-Petitions website.

Sign this petition
at petition.parliament.uk

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repetition.me is a Good Stuff website Mon, 05 Dec 2022 01:51:55 +0000