Submitted on Monday 21st November 2011
Published on Tuesday 29th November 2011
Current status: Closed
Closed: Wednesday 29th February 2012
Signatures: 6
Tagged with
Say NO to the Mortgage Indemnity Scheme
The Prime Minister intends to allow buyers of new homes to borrow up to 95% of their value. This is to be supported by the mortgage indemnity scheme, in which the government will underwrite part of the risk to lenders.
It is actually taxpayers who will underwrite the lenders' risks thereby providing further financial support to the banking sector which continues to prosper and pay bonuses while ordinary people are subjected to Government cuts to vital services and facilities which should be funded by tax revenue.
It is not the taxpayers' duty to support the banking sector.
Sign this petition to say NO to the Mortgage Indemnity Scheme.
You can't sign this petition because it is now closed. But you can still comment on it here at Repetition.me!
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