Submitted on Thursday 14th January 2021
Rejected on Friday 22nd January 2021
Current status: Rejected
Rejection code: irrelevant (see below for details)
Make 2 years paid rent to be eligible to buy a first time property for 100%.
These days it’s very hard for first time buyers, especially in the current climate. I also feel if there was a system to prove you are financially good with your bills and paying your rent on time and never missed a payment you should be given 100% mortgages.
I understand why there is a reason for having to save for a deposit for your dream home, but me and many millions of people who rent simply cannot afford to save £15k for 5% deposit. If you pay your rent every month, never missed a payment, a full check on your credit file then you should be given the opportunity of a 100% mortgage. This would also help the economy as more people would get approved and be able to have their dream home.
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:
We can't accept your petition because the UK Government and Parliament aren't responsible for the issue you raise.
Mortgage eligibility, rates and terms are a matter for mortgage providers and not the Government and Parliament.
3.145.84.135 Sun, 17 Nov 2024 20:51:59 +0000
