Submitted on Wednesday 11th May 2022
Rejected on Thursday 12th May 2022
Current status: Rejected
Rejection code: irrelevant (see below for details)
Debate bringing in 100% Mortgages for long term renters.
Where someone has been renting for a minimum period of 24 months continuous, the rent paid should be considered satisfactory proof of affordability for a mortgage with 0 deposit.
Example: Someone paying £750 per month for that period, should be able to get a mortgage at the same monthly rate.
A lot of the UK’s population have more than enough income to afford a mortgage but don’t have the disposable income if they are also having to pay rent.
This would make a massive difference to get people on the ladder and also aid the house buying market in the UK.
It’s a very simple concept, how do you expect someone to save £500 a month towards a deposit if they are also already forking out their wages on rent. ????♂️
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. This is a decision for lenders and not the UK Government or Parliament
3.22.242.141 Sat, 04 May 2024 22:53:28 +0100
