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Allow 'borrowing back' of private and company pensions to be used as a mprtgage deposit.

Submitted on Monday 3rd October 2011

Published on Tuesday 18th October 2011

Current status: Closed

Closed: Thursday 18th October 2012

Signatures: 1

Tagged with

Pensions

Petition Action

Allow 'borrowing back' of private and company pensions to be used as a mprtgage deposit.

Additional Information

Change legislation to allow people, particualrly those in their 30's, who are currently unable to afford a house deposit, to borrow from their pension funds in order to access the housing market, with the pension to be repayed through an income related contribution.
This would help kick start a stalled housing market and all the related industries.


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