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This petition was submitted during the 2019 to 2024 Parliament

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Closed Increase the Lifetime ISA (LISA) maximum home purchase price

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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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    This petition will stay open until 5 October 2023.