Submitted on Monday 5th December 2016
Rejected on Tuesday 13th December 2016
Current status: Rejected
Rejection code: irrelevant (see below for details)
Change the mortgage structure from a credit rating to payment of rent history
Please sign to change the way in which mortgages are given. You currently need a good credit rating and good earnings for a mortgage. Yet theres no limit on rent demands as opposed to earnings.
Many of us in privately rented accommodation that pay our 'high' rent demands on time every month in full are paying a lot more to a lot of people with a mortgage, which therefore makes it impossible to save for a deposit. Why not change the way you are assessed for a mortgage on how good a payer you have been with your rent over a period of time?
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, which is independent, has overall responsibility for mortgage lending practice. You can contact the FCA here:
www.fca.org.uk/contact
3.149.26.169 Sun, 19 May 2024 08:08:35 +0100
