Petition Make previous Rent payment history as a basis for mortgage assessment.

Considering the difficulty and challenges faced but most people in getting on the property ladder , it will be a wise and fair legislation to make mortgage institutions consider previous rent payment history of prospective mortgage applicant than requesting for a 5/10%.

More details

I have been a tenant for the past 10 year of living in the UK and for those 10years have constantly without missing any month paid my rent of £1150 for a two bedroom house yet I cannot afford the deposit for a mortgage as my rent take more than 50% of my rent.

Pratically, over 10year I have paid a total of £138,000 in rent on some bodies mortgage hence been denied the opportunity of owing my own property because of the assessment procedure by the mortgage institution .
This need to be reviewed.

This petition is closed This petition ran for 6 months

29 signatures

Progress of the petition towards its next target: 29 of 10,000 signatures required to get a government response

Show on a map the geographical breakdown of signatures by constituency

10,000 signatures required to get a government response

Date closed 1 May 2016
Get petition data (json format)

About petition data

The data shows the number of people who have signed the petition by country as well as in the constituency of each Member of Parliament. This data is available for all petitions on the site. It is not a list of people who have signed the petition. The only name that is shared on the site is that of the petition creator.