Submitted on Tuesday 17th March 2020
Rejected on Thursday 26th March 2020
Current status: Rejected
Rejection code: irrelevant (see below for details)
Force the banks to freeze mortgages and loans for 6 months during Coronavirus
Legislate to freeze mortgages and loans for 6 months so people don't have financial concerns during the Covid-19 crisis. Financial institutions won't lose out in the long term but it gives people respite during this emergency.
During the spread of Covid-19 people are being advised to avoid public places such as bars, transport and cinemas. This means staff in the service industry don't have employment and probably have little money. Forcing financial institutions to freeze mortgages and loans means people temporarily out of work don't have that added stress of eviction or bankruptcy.
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:
Suspending payments for mortgages and loans is a matter for mortgage providers and lenders, and not the UK Government or Parliament.
You can find out about asking for a mortgage holiday from lenders here: www.fca.org.uk/consumers/mortgages-coronavirus-consumers
You can find out about what Government support is available for people as a result of coronavirus (under the section on employment and financial support)here: www.gov.uk/coronavirus
If you want the Government to encourage lenders, landlords and utilities to freeze payments during lockdown, you may wish to sign this petition: petition.parliament.uk/petitions/302256
You can find out more about coronavirus and how you can protect yourself and others here:
www.gov.uk/coronavirus
www.nhs.uk/conditions/coronavirus-covid-19/
You can read NHS tips to help if you are worried about coronavirus here: www.nhs.uk/oneyou/every-mind-matters/coronavirus-covid-19-anxiety-tips
18.118.37.85 Sat, 23 Nov 2024 02:17:18 +0000
