Submitted on Monday 2nd November 2020
Rejected on Tuesday 15th December 2020
Current status: Rejected
Rejection code: duplicate (see below for details)
Extend H2B and re introduce the H2B Mortgage Guarantee Scheme
Extend the Help to Buy Equity Loan Scheme in it’s current form for a further 2 yrs and re-introduce Help to Buy Mortgage Guarantee to help fix the Mortgage Market. The housing market will not struggle due to demand, it will struggle with people not being able to obtain reasonable finance
Families in the housing market are unable to plan due to the economic impact Covid-19 is having on the Mortgage Market.Lenders are becoming restrictive resulting in a mini credit crunch.Many people want to purchase their home but are unable to do so due to large deposits required, rates increasing even though the BoE base rate is at a historically low level, lenders are being very cautious. The two Help to Buy Schemes would help given these were the tools used to get us out of the credit crunch.
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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.
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petition.parliament.uk/petitions/557547
18.223.106.199 Fri, 17 May 2024 08:23:19 +0100
