Debate bringing in 100% Mortgages for long term renters.

Rejected 21 signatures

What the petition asks

Where someone has been renting for a minimum period of 24 months continuous, the rent paid should be considered satisfactory proof of affordability for a mortgage with 0 deposit.

Example: Someone paying £750 per month for that period, should be able to get a mortgage at the same monthly rate.

A lot of the UK’s population have more than enough income to afford a mortgage but don’t have the disposable income if they are also having to pay rent.

This would make a massive difference to get people on the ladder and also aid the house buying market in the UK.

It’s a very simple concept, how do you expect someone to save £500 a month towards a deposit if they are also already forking out their wages on rent. 🤷‍♂️

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 and not the UK Government or Parliament

Timeline

11 May 2022	Petition opened for signatures
12 May 2022	Rejected by the Petitions Committee

Key facts

Signatures 21

Status Rejected

Rejected 12 May 2022

Follow this petition