Petition · past parliament

Increase support for first time buyers/families with mortgages/HTB properties

Closed 54 signatures

What the petition asks

1. Open the Support for Mortgage Interest (SMI) Scheme to all.
2. Give those with Help to Buy (HTB) properties a right to switch to Interest Only Mortgages.
3. Allow increase of HTB Equity Loans to up to 50% of the purchase price.
4. Cap rates on HTB Interest starting from year 6 to 0.25%.
We believe recent decisions by the Bank of England do not adequately account for the current cost of living crisis faced by families across the UK. Households are already struggling to meet their basic needs, with minimal or no disposable income. Increased rates will force many families into unmanageable debt, exacerbating their financial hardship and compromising their overall well-being. We urge you to consider the gravity of the situation and take the steps set out in this petition, to help address these concerns.

Timeline

10 Jul 2023 Petition opened for signatures
10 Jan 2024 Closed to new signatures

Key facts

Signatures 54
Status Closed
Opened 10 Jul 2023
Closed 10 Jan 2024

Follow this petition

Sign in to get an email when the government responds, a debate is scheduled or held, or the petition closes.

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