Rejected petition Increase The Lifetime ISA House Price Cap to Reflect Inflation

The LISA house price cap of £450,000 set in 2017 does not reflect the current financial landscape, with inflation adjusting this sum to around £625,000. I believe the cap should be adjusted to this figure, and re-adjusted annually or bi-annually, in line with trends of inflation.

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This change would allow more FTBs to benefit from the scheme, reducing a barrier to entry in the housing market and encouraging home ownership.

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.

You are more likely to get action on this issue if you sign and share a single petition.

You may wish to sign this petition which calls for similar action:
https://petition.parliament.uk/petitions/757202

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