Rejected petition Increase Help to Buy ISA and LISA property price cap or remove cap completely.

Increase the cap of Help to Buy and Lifetime ISA house price cap
Help to buy ISA and LISA encourage people to save for their first home, worth less than £250k outside London and £450k outside London by offering a government bonus. Average house prices across the country have risen dramatically.

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Many people are struggeling to buy property due to high housing prices. People have been saving using Help to buy Isa and LISa, to qualify for the goverment bonus. I have reached the stage to buy a house with my husband, but I am unable to as house prices in our are are over £250k, so 4 years of saving and relying on goverment bonus are gone. It is heartbreaking, i know we arent the only ones in the same position. I would like to ask cap to be increased or removed completely.
Thank you

This petition was rejected

Why was this petition rejected?

There’s already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.

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You might like to sign the following petitions, which make similar requests:

Increase the price cap for the Help to Buy ISA scheme outside of London
https://petition.parliament.uk/petitions/614815

Increase the value of the property you can buy with a Lifetime ISA to £550k
https://petition.parliament.uk/petitions/606409

We only reject petitions that don’t meet the petition standards.

Date submitted 25 April 2022
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