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Cap on interest rises for Mortgages so people don't lose their homes

Submitted by iskender ozalcin on Friday 20th December 2024

Published on Thursday 13th February 2025

Current status: Closed

Closed: Wednesday 13th August 2025

Signatures: 51

Relevant Departments

Tagged with

Banks ~ CLAMP ~ Homes ~ Interest rates ~ Law ~ mortgages ~ Owners ~ Prevent ~ Raise ~ Ratings

Petition Action

Cap on interest rises for Mortgages so people don't lose their homes

Petition Details

We think the Government should clamp down on mortgage rate rises for existing mortgages, so when it comes to renewing a mortgage rate there should be a max limit where a bank can raise interest rates on current home owners.

Additional Information

We think the Government should bring in a law to do this. This could help prevent people struggling and losing their homes.


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