Bring affordability criteria for mortgages and rents in line with each other.

Rejected 10 signatures

What the petition asks

To make affordability criteria for rental and mortgages the same, at the moment 2 people on minimum wage has a mortgage affordability of £564 per month, or rental of £1133.60. These should be the same.

Property prices have changed and inflated so much the old calculations are out of date, 2 people working full time on minimum wage should be able to buy the same type of house as they can afford to rent, the current criteria only serves to increase the bank balance of private landlords, and keep those on minimum wage in a rental trap, their options are no work life balance for years to get a deposit together, or rent for life.

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 offers and affordability levels are a matter for lenders rather than the UK Government or Parliament.

Timeline

14 Jun 2020	Petition opened for signatures
26 Aug 2020	Rejected by the Petitions Committee

Key facts

Signatures 10

Status Rejected

Rejected 26 Aug 2020

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