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Petition · past parliament · Department for Work and Pensions

Allow first time buyers to access pension funds early

Closed 44 signatures

What the petition asks

People normally can't access their pension fund before the age of 55. The Government should allow the first time residential buyers in the UK to use their pension pot for the purchase of their home at any time.
In light of the current economic conditions and inflation, there are a lot of UK residents who don’t have the capability to save for a minimum deposit required on the first time residential mortgage. This means people inclined to buy their primary residences are stuck acting as tenants for years and years.

Timeline

27 Jul 2023 Petition opened for signatures
27 Jan 2024 Closed to new signatures

Key facts

Signatures 44
Status Closed
Department Department for Work and Pensions
Opened 27 Jul 2023
Closed 27 Jan 2024

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Source: the official petition page. Last checked 15 Jul 2026.