Submitted on Saturday 19th May 2018
Rejected on Thursday 24th May 2018
Current status: Rejected
Rejection code: irrelevant (see below for details)
Stop mortgage lenders discriminating on how long you’ve had a bank account.
Mortgage lenders determine financial stability by looking at how long you’ve been with your bank, among various other complex factors.
High street banks promote a switching culture, enticing customers to bank with them in exchange for money. This results in an apparent weaker financial stability.
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The Government e-Petitions Team gave the following reason:
Mortgage rules are the responsibility of the Financial Conduct Authority, which is independent.
You can find out more here:
www.fca.org.uk/consumers/affording-mortgage
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