Submitted on Thursday 20th October 2016
Rejected on Wednesday 9th November 2016
Current status: Rejected
Rejection code: irrelevant (see below for details)
Consider ability to pay rent instead of finding a mortgage deposit
With the governments failed help to buy scheme rumoured to be scrapped, why is no one petitioning for a persons proven track record on a rental property to be considered in lieu of a deposit. if you've paid £1,000 a month rent for 3 years, then you can afford a £700 a month mortgage for example.
Rents are being pushed ever higher meaning that people are stuck in a renting society, without their own property, and a generation is likely to be lost to housing ownership as a result of this. There has to be a movement towards considering rental towards mortgage acceptance. With rents at their current rate, people simply don't have the disposable income to save a deposit, so why not actually look at their proven ability to pay?
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
The Financial Conduct Authority has overall responsibility for mortgage lending practice. You can contact the FCA here:
www.fca.org.uk/contact
18.222.125.171 Sat, 04 May 2024 17:22:24 +0100
