Petition

Encourage banks not to refuse mortgages for properties with high service charge

Closed 29 signatures

What the petition asks

There have been reports that some banks are not providing mortgages on some properties with high service charges. I urge the government to intervene.
With increasing compliance and fire inspection costs, utilities and contractor fees, it has caused some service charges to rise to more than 1% of the value of the apartment.

Given that banks have been bailed out by taxpayers multiple times, we think it is time for the government to support trapped sellers in return.

Timeline

3 Mar 2025 Petition opened for signatures
3 Sep 2025 Closed to new signatures

Key facts

Signatures 29
Status Closed
Opened 3 Mar 2025
Closed 3 Sep 2025

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Source: the official petition page. Last checked 1 Sep 2026.