Submitted on Thursday 4th August 2011
Published on Monday 15th August 2011
Current status: Closed
Closed: Wednesday 15th August 2012
Reform buy-to-let mortgages
Petition to ask the government to explore reforms of buy-to-let mortgage market which allows some people to become mortgage holders over large numbers of properties. This: creates large scale wealth inequality; artificially increases house-prices - making home-ownership out of the reach of many aspiring people; has an unsettling effect on communities; restricts genuine housing stocks for settling families; perpetuates an immoral economic model where poorer people pay the mortgage of wealthier people; and leaves vulnerable people at the mercy of hapless amateur landlords who do not keep responsibilities to their tenants.
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