Have your say on government e-petitions

Stop raising interest rates to unaffordable repayment levels

Submitted on Wednesday 5th July 2023

Rejected on Monday 10th July 2023

Current status: Rejected

Rejection code: irrelevant (see below for details)

Petition Action

Stop raising interest rates to unaffordable repayment levels

Petition Details

Intervene and support homeowners and renters form unrealistic increases to monthly repayments


You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!

This petition was rejected

The Government e-Petitions Team gave the following reason:

We can only accept petitions about things the Government or Parliament are directly responsible for.

Decisions about base interest rates are a matter for the Bank of England, not the UK Government or Parliament. Similarly, decisions about interest rates for mortgages are a matter for lenders, not the Government or Parliament.

Many mortgage lenders have agreed to new commitments to support borrowers to help them through this difficult period. You can find out more about these commitments here: www.gov.uk/government/publications/mortgage-charter/mortgage-charter

We have also published the following petitions, which you might like to sign:

Allow people to pay their mortgage through salary sacrifice: petition.parliament.uk/petitions/633889

Provide Tax Relief on Mortgage Interest for Single Homeowners: petition.parliament.uk/petitions/638542

Take back control of interest rates from the Bank of England: petition.parliament.uk/petitions/639682

Have your say on this petition!

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