Petition · past parliament
Change the way in which mortgages are calculated.
Rejected
11 signatures
What the petition asks
Affordability remains the biggest barrier to homeownership and this is due to the disproportionate variation in salary to the borrowing amount.
Since 1996, wages have doubled on average, whilst house prices have almost quadrupled meaning owning a home for many people will be totally out of reach.
Since 1996, wages have doubled on average, whilst house prices have almost quadrupled meaning owning a home for many people will be totally out of reach.
It is said that as a Conservative belief, ownership of a home is an integral part of "our" society. Therefore, I implore the government to review and change the way in which mortgages are calculated, making it more viable and affordable for people to own their own home.
From research found, it is not logical for a single person to only be eligible to borrow 4.5 times their yearly salary when house prices are incrementally higher. On extension, this is for previous and existing homeowners only.
From research found, it is not logical for a single person to only be eligible to borrow 4.5 times their yearly salary when house prices are incrementally higher. On extension, this is for previous and existing homeowners only.
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. This is a decision for lenders.
Timeline
| 12 Jan 2021 | Petition opened for signatures |
| 9 Feb 2021 | Rejected by the Petitions Committee |
Key facts
Signatures
11
Status
Rejected
Rejected
9 Feb 2021
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Source: the official petition page. Last checked 15 Jul 2026.