0% deposits for mortgages to tenants with successful payments for 5 years

Rejected 10 signatures

What the petition asks

If a family can show that they have successfully rented for a period of 5 years with no defaulted payments. Allow them a 0% deposit mortgage if the monthly repayment is up to or under their current monthly rental.

A lot of people struggle with rent, however rental could be used towards a mortgage repayment history. If someone can say pay £1000 a month rent successfully for say 5 years, then they would definitely be able to pay a mortgage for example of £500 a month. Which I believe would help our current financial crisis but also allow current landlords to charge up and profit from the scheme also

Why it was rejected

It asked for something that is not the responsibility of the UK Government or Parliament.

We can't accept your petition because the UK Government and Parliament aren't responsible for the issue you raise. Mortgage rates and deposits are a matter for individual lenders.

You could start a petition calling for the Government to fund deposits for people with 5 years of rental payments, if that's what you'd like to see happen .

Timeline

15 Mar 2020	Petition opened for signatures
27 Mar 2020	Rejected by the Petitions Committee

Key facts

Signatures 10

Status Rejected

Rejected 27 Mar 2020

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