Petition · past parliament · HM Treasury

Allow affordable monthly repayments for Help to Buy equity loans

Closed 60 signatures

What the petition asks

First-time buyers can become trapped in the Help to Buy scheme and not able to repay the equity loan, as the scheme just allow repayments over 10% of the value of the property. It is very hard to save the money to make these large payments and there are a lot of fees included.
Help to buy should be a scheme where the first-time buyers can make affordable monthly repayments like a mortgage. Some first-time buyers feel they have to sell their home after five years because they cannot afford to pay a sum of over 10%.

Timeline

30 Mar 2021 Petition opened for signatures
30 Sep 2021 Closed to new signatures

Key facts

Signatures 60
Status Closed
Department HM Treasury
Opened 30 Mar 2021
Closed 30 Sep 2021

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Source: the official petition page. Last checked 15 Jul 2026.