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Changing Mortgage Policy to better the British Economy.

Submitted on Friday 6th January 2012

Published on Monday 9th January 2012

Current status: Closed

Closed: Wednesday 9th January 2013

Signatures: 1

Tagged with

British ~ Economy

Petition Action

Changing Mortgage Policy to better the British Economy.

Additional Information

Quantitative easing via Banks to Mortgagees
by Rashidi Dennison

1. Increasing terms from max 35/40 years to longer.
2. Setting a more simple guideline on rates available and making all mortgages fixed for the term.
3. Making insurance and repayment protection apart of the mortgage which would be incorporated with the monthly payment.
4. Making mortgages cheaper and based on the affordability to cover the monthly payment. Mortgage rates would be no more than 0.05% or 1.0% more than what the bank purchase their mortgage fund at depending on clients credit file.
5. Making the process for home improvements more clear and less of a risk to home owners when it comes to cow boy builders.
6. Helping existing mortgagees by offering the new mortgage policy.

A full synopsis can be found on - http://www.lovemyidea.com/ViewIdea.aspx?IdeaID=644


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