Have your say on government e-petitions

Raise help to buy ISA threshold to up to £350,000 (or up to £550,000 in London)

Submitted by Oliver Lenton on Thursday 31st October 2024

Published on Wednesday 13th November 2024

Current status: Open

Open until: Tuesday 13th May 2025

Current Signatures: 38
(count is updated approximately hourly)

Relevant Departments

Petition Action

Raise help to buy ISA threshold to up to £350,000 (or up to £550,000 in London)

Petition Details

Since help to buy was introduced, property prices have increased. Those who took out a help to buy ISA and haven’t yet used it may be priced out of being able to obtain the government bonus, 25% of the ISA up to £3,000, as the property price threshold has not risen in line with property prices.

Additional Information

To assist first time buyers, we think the government should allow use of help to buy ISA’s on property up to £350,000 outside of London, and £550,000 inside London.

Otherwise, many have saved up in a help to buy ISA with the promise of 25% bonus, but won’t be able to use it as average property prices are above the £250,000 threshold.


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18.219.209.144 Thu, 21 Nov 2024 11:21:54 +0000