Allow pensions to offer 0% interest house deposit loans and low rate mortgages

Open for signatures 32 signatures

What the petition asks

Allow Pension Providers to offer 0% interest loans for 10% house deposits, using the pension pot as collateral. This should be an "authorised payment" to avoid the any tax charge. Providers should then be allowed to offer 90% mortgages at rates lower than current rent. Paying the loan and mortgage.

We believe current rules trap people in high-rent cycles. Using a pension as a 10% deposit could guarantee those in their 30s to buy a house sooner without depleting their pot. By ensuring they are beating rent prices, homeowners can pay off the interest-free loan quickly and reduce monthly bills. This could free up social and private rented housing, save the state billions in future housing benefit for pensioners, and guarantees a rent free roof over the head of every pensioner, ensuring long-term financial security.

Timeline

27 Mar 2026

Petition opened for signatures

Key facts

Signatures 32

Status Open for signatures

Department HM Treasury

Opened 27 Mar 2026

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