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This petition was submitted during the 2019 to 2024 Parliament

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Closed Allow first time buyers to access pension funds early

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People normally can't access their pension fund before the age of 55. The Government should allow the first time residential buyers in the UK to use their pension pot for the purchase of their home at any time.

In light of the current economic conditions and inflation, there are a lot of UK residents who don’t have the capability to save for a minimum deposit required on the first time residential mortgage. This means people inclined to buy their primary residences are stuck acting as tenants for years and years.

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    If this petition gets 100,000 signatures, it will be considered for debate in Parliament.

    This petition will stay open until 27 January 2024.