Submitted on Thursday 31st August 2023
Rejected on Tuesday 5th September 2023
Current status: Rejected
Rejection code: no-action (see below for details)
10% of rent paid by rentee to be saved on deposit to be used to buy a property
10% of each rent will be saved on deposit scheme that will let to use their saved money to buy a property. As the rents are regulated by free-market, the deposit will be funded partly by rentee, by landlord, and as deduction in income tax paid by landlord = initial deposit to buy a house.
Rents are high in the UK, and rentees overpay to keep the roof over their heads, often for years. Yet they struggle to save the initial deposit to buy the property. The requirement to save 10% of the rent as the deposit will help rentees to get on the property ladder. The money can be used by local authorities, and building co-ops as a secured bond to build houses - this will act as a stabilising factor to house prices in long run, and generate revenue stream to boost deposit savings.
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:
Petitions need to call on the Government or Parliament to take a specific action.
It's not clear if you want funds saved through the scheme you propose to be for individual tenants to buy a property, or be available to local authorities and building co-operatives to build houses.
You could start a new petition explaining clearly what you would like the Government or Parliament to do.
3.16.203.107 Mon, 20 May 2024 04:32:17 +0100
