Petition Say NO to the Mortgage Indemnity Scheme

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The Prime Minister intends to allow buyers of new homes to borrow up to 95% of their value. This is to be supported by the mortgage indemnity scheme, in which the government will underwrite part of the risk to lenders.

It is actually taxpayers who will underwrite the lenders' risks thereby providing further financial support to the banking sector which continues to prosper and pay bonuses while ordinary people are subjected to Government cuts to vital services and facilities which should be funded by tax revenue.

It is not the taxpayers' duty to support the banking sector.

Sign this petition to say NO to the Mortgage Indemnity Scheme.

This petition is closed This petition ran for 6 months

6 signatures

Progress of the petition towards its next target: 6 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 29 February 2012
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