Submitted on Tuesday 17th March 2020
Rejected on Thursday 26th March 2020
Current status: Rejected
Rejection code: irrelevant (see below for details)
Ask the banks, we bailed out, to bail us out. Freeze debt and mortgages #covid19
Public funds bailed out banks in their time of crisis. It's the public's turn now.
With the coronavirus (COVID-19) restricting work & earnings. We need the banks to allow debt repayments to be frozen.
We also need landlords to freeze rent; enabled by the relief from frozen mortgage repayments.
The government has the power to enforce change. If banks and landlords were required to comply, this would only mean a hit to their profit. This only needs to be in place whilst isolation policies are running. A few months.
This will prevent mass repossession of property, a crash in property prices (as sold by banks), and a spending crisis which would damage our economy for years.
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 individual 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
If you want the Government to implement Universal Basic Income to give home and food security during the coronavirus outbreak, you may also wish to sign this petition: petition.parliament.uk/petitions/302284
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
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