Submitted on Tuesday 1st December 2015
Rejected on Friday 4th December 2015
Current status: Rejected
Rejection code: irrelevant (see below for details)
Do not extend the CHAPS banking system to allow mortgage transfers up until 6pm
The potential changes to the CHAPS banking system, allowing mortgage transfers to be carried out up until 6pm, will cause absolute mayhem for customers buying and selling property in the UK. And for removal companies who deliver their furniture that late in the day.
Do not allow this to happen!
If mortgages are transferred up until 6pm, that means removal company staff will be delivering late into the evening to get finished. This will cause health and safety risks unloading in the dark, breaking the Working Time Directive employment law, and exceeding legal driving hours for HGV drivers, as well as creating stressed customers who are upset their goods are being delivered late, and many more problems. A simple 1 day move will turn into 2 days doubling the costs to customers overnight!
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The Government e-Petitions Team gave the following reason:
This decision seems to have followed a review by the Bank of England. The Bank of England is independent of the Government Parliament. CHAPS itself is not a public body.
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