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Require banks to suspend mortgage repayments during Coronavirus outbreak

Submitted on Wednesday 1st April 2020

Rejected on Tuesday 14th April 2020

Current status: Rejected

Rejection code: duplicate (see below for details)

Petition Action

Require banks to suspend mortgage repayments during Coronavirus outbreak

Petition Details

To require the lenders to suspend repayments while we have to stay at home.

Additional Information

Mortgage holidays may help temporarily but after the holiday period interest is added to the loan and you end up paying more monthly. I would like to see payments stop and then continue when the country goes back to work. The mortgage could then be extended by whatever the period is we are required to stay at home. This will greatly relieve the stress of how we're going to pay our bills during this time and not force us to go out to work in order to do so and thereby risk spreading the virus


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This petition was rejected

The Government e-Petitions Team gave the following reason:

There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.

You are more likely to get action on this issue if you sign and share a single petition.

petition.parliament.uk/petitions/305297

Since starting this petition, many UK banks have announced measures to help people who are experiencing financial difficulties due to coronavirus. You should look at your bank's website or contact them directly to find out more.

You can find out  about asking for a mortgage holiday from lenders here: www.fca.org.uk/consumers/mortgages-coronavirus-consumers
 
You can read the Financial Conduct Authority's announcement on the temporary financial relief that banks can offer customers here:
www.fca.org.uk/news/press-releases/fca-confirms-temporary-financial-relief-customers-impacted-coronavirus

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

You can read impartial analysis of the Government response to coronavirus and policy developments here:
commonslibrary.parliament.uk/coronavirus/

You may also be interested to know that because of the large number of petitions that have been started in relation to coronavirus, the Petitions Committee has been questioning the Government about its response to the coronavirus outbreak.

Find out more and watch the Committee put questions suggested by petitioners to Government Ministers and the Deputy Chief Medical Officer: committees.parliament.uk/committee/326/petitions-committee/news/145767/committee-question-deputy-chief-medical-officer-and-ministers-on-coronavirus-response/

Read letters asking further questions of Government Ministers: committees.parliament.uk/committee/326/petitions-committee/publications/3/correspondence/

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