Let First time buyers use their LISA to build a house

7
signatures
rejectedHM Treasury

Background

Currently Self builders can use their LISA to buy land, but they can't use it for the building itself. This disproportionately affects people who are looking to buy a cheaper land and have enough funds to buy the land outright, but need mortgage for the build itself.

Additional details

It would help people who would like to build their own house, which is important as we have a shortage of housing.

Source: UK Government & Parliament Petitions service. Petition ID: 753240.