Rejected petition Consider ability to pay rent instead of finding a mortgage deposit

With the governments failed help to buy scheme rumoured to be scrapped, why is no one petitioning for a persons proven track record on a rental property to be considered in lieu of a deposit. if you've paid £1,000 a month rent for 3 years, then you can afford a £700 a month mortgage for example.

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Rents are being pushed ever higher meaning that people are stuck in a renting society, without their own property, and a generation is likely to be lost to housing ownership as a result of this. There has to be a movement towards considering rental towards mortgage acceptance. With rents at their current rate, people simply don't have the disposable income to save a deposit, so why not actually look at their proven ability to pay?

This petition was rejected

Why was this petition rejected?

It’s about something that the UK Government or Parliament is not directly responsible for.

The Financial Conduct Authority has overall responsibility for mortgage lending practice. You can contact the FCA here:

https://www.fca.org.uk/contact

We only reject petitions that don’t meet the petition standards.

Date submitted 20 October 2016
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