Closed petition Increase the £450k Lifetime ISA (LISA) house price cap in London

LISAs encourage people to save for their first home, worth less than £450k, by offering a 25% government bonus. But the average London house price is £507k – well above the cap.

Therefore, many looking to buy a home are forced to forego their bonus and pay an additional 6.25% penalty charge.

More details

The £450k LISA house price cap hasn’t changed since April 2017, despite house prices soaring.

Meanwhile, other government-backed first-time buyer schemes have been introduced with far higher price caps (the Help to Buy price cap in London is £600k) – causing a severe dislocation.

This makes the already near-impossible task of buying a home in London even harder.

This petition is closed All petitions run for 6 months

914 signatures

Show on a map

10,000

Date closed 25 July 2022
Get petition data (json format)

About petition data

The data shows the number of people who have signed the petition by country as well as in the constituency of each Member of Parliament. This data is available for all petitions on the site. It is not a list of people who have signed the petition. The only name that is shared on the site is that of the petition creator.