Petition Reform the Help to Buy ISA scheme

Allow individuals with a Help to Buy ISA to transfer their account to a Lifetime ISA or increase the maximum house purchase prices to the current UK Average House Price, which in November 2023 was £284,950.

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Currently, the scheme is capped at £250,000 (or £450,000 in London).

The current maximum house purchase price under the Help to Buy ISA scheme restricts access for many aspiring homeowners, particularly in regions where property prices exceed the current limit. Raising the maximum limit to the UK Average House Price would help ensure that this Government initiative more effectively addresses the affordability challenges faced by citizens across diverse geographical and economic backgrounds.

This petition closed early because of a General Election Find out more on the Petitions Committee website

93 signatures

Progress of the petition towards its next target: 93 of 10,000 signatures required to get a government response

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10,000 signatures required to get a government response

Date closed 30 May 2024
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