Submitted on Sunday 10th November 2024
Rejected on Thursday 28th November 2024
Current status: Rejected
Rejection code: duplicate (see below for details)
Save The Right To Buy Discounts That Eligible Tenants Have Already Earned.
We urge Parliament to retain the current higher Right to Buy discount levels for tenants who have already met eligibility criteria. Reducing these discounts would create an unjust financial barrier to homeownership, undo years of planning, and harm long-standing tenants' ability to buy their homes.
The proposed RtB discount reduction will make homeownership unaffordable. For example, a £275,000 property would see a cost increase by £90,400 - £118,400, requiring a mortgage increase of 61 to 106%. Tenants would need significantly higher buying power to afford the new mortgage, making homeownership out of reach. This change ignores stagnant wages and rising property costs, undoing years of planning. By saving earned discounts, Parliament ensures tenants keep what they have rightfully earned.
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The Government e-Petitions Team gave the following reason:
There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
You may wish to sign this petition which calls for the same action: petition.parliament.uk/petitions/700226
18.191.91.15 Wed, 25 Dec 2024 08:23:34 +0000
