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Make it compulsory for mortgages and loans being traded to be offered to the borrower before they can be sold to a third party.

Submitted on Thursday 10th April 2014

Published on Thursday 24th April 2014

Current status: Closed

Closed: Monday 30th March 2015

Signatures: 35

Tagged with

Law

Petition Action

Make it compulsory for mortgages and loans being traded to be offered to the borrower before they can be sold to a third party.

Additional Information

The government just sold student loan debts for 5 pence for every pound owed. I would have cleared my debt at even twice that rate had I been given the opportunity. Debts that are sold at a discount should, by law, be offered to the borrower before being sold to a third party.


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