Raise help to buy ISA threshold to up to £350,000 (or up to £550,000 in London)
Since help to buy was introduced, property prices have increased. Those who took out a help to buy ISA and haven’t yet used it may be priced out of being able to obtain the government bonus, 25% of the ISA up to £3,000, as the property price threshold has not risen in line with property prices.
Signatures
135
signatures
Government response threshold (10,000) · 135/10,000
Debate threshold (100,000) · 135/100,000
- 13 MAY 2025Petition closedFinal total: 135 signatures
- 13 NOV 2024Petition opened for signatures
Background
To assist first time buyers, we think the government should allow use of help to buy ISA’s on property up to £350,000 outside of London, and £550,000 inside London.
Otherwise, many have saved up in a help to buy ISA with the promise of 25% bonus, but won’t be able to use it as average property prices are above the £250,000 threshold.