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Tell the banks to allow customers to switch to interest only mortgage.

Submitted on Thursday 15th October 2020

Rejected on Friday 23rd October 2020

Current status: Rejected

Rejection code: irrelevant (see below for details)

Petition Action

Tell the banks to allow customers to switch to interest only mortgage.

Petition Details

To force the banks through legistration to switch affected customers interest only as alternative to payment holidays and another type of payment plan which only helps out temporarily .

Additional Information

Make changes as highlighted to avoid millions of people going in bad credit and eventually loose thier homes


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This petition was rejected

The Government e-Petitions Team gave the following reason:

We can't accept your petition because the UK Government and Parliament aren't responsible for the issue you raise. This is a matter for individual lenders.

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