This petition was submitted during the 2019 to 2024 Parliament
Rejected petition Increase the £450k Lifetime ISA (LISA) house price cap
Rejected on
Raise the house price cap of the Lifetime ISA so that first-time buyers are not punished for rising house prices.
House prices have risen by 23% since the Lifetime ISA was launched. If the price cap had increased by the same amount it would be £553,500.
Average house prices in Surrey stand at £621,134, well above the price cap on the LISA. It is becoming increasingly difficult to find a house beneath the £450k limit.
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.
You are more likely to get action on this issue if you sign and share a single petition.
https://petition.parliament.uk/petitions/606409
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