UK Parliament home

Open Introduce a Home Ownership Savings Account with tax relief for first-time buyers

Created by Dominic Daymond
Closes on

Introduce a Home Ownership Savings Account with tax-relief for first-time buyers, allowing them to save part of their pre-tax income in a ring-fenced account for a home buying deposit. Funds could then be taxed only if withdrawn for non-eligible use.

We think this would support responsible saving and social mobility

Many people who work hard and progress into higher earning roles still cannot buy a first home due to factors such as high tax, rising rents and large deposit requirements. We believe home ownership has declined sharply among working professionals, especially those without inherited wealth. A savings account like this could give first-time buyers a fair way to build a deposit, reduce rental pressure and support genuine social mobility.

Sign this petition

26 signatures

Show on a map

10,000

Petition progress

View all updates for this petition, with the most recent first.

  • Petition published

    This petition can now be signed.

    If this petition gets 10,000 signatures, government will respond to it.

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

    This petition will stay open until 6 July 2026.