Increase the Lifetime ISA house price limit in line with inflation

Increase the Lifetime ISA house price limit in line with inflation — 299 signatures. Status: closed.

Petition background

Adjust the Lifetime ISA house price limit to reflect current market values, allowing first-time buyers in high-cost areas access to homes under this program.

Additional details

We think the £450,000 limit, set in 2017, no longer reflects housing affordability. UK house prices have risen by around 25%, with London’s average now around £525,000. We believe many first-time buyers are unable to use the Lifetime ISA to purchase in high-cost areas, limiting access to government assistance for young buyers. We think an updated limit would help bridge the gap in today’s housing market.

View this petition on the official UK Parliament website

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