This petition was submitted during the 2019-2024 parliament
Rejected petition Bring affordability criteria for mortgages and rents in line with each other.
To make affordability criteria for rental and mortgages the same, at the moment 2 people on minimum wage has a mortgage affordability of £564 per month, or rental of £1133.60. These should be the same.
More details
Property prices have changed and inflated so much the old calculations are out of date, 2 people working full time on minimum wage should be able to buy the same type of house as they can afford to rent, the current criteria only serves to increase the bank balance of private landlords, and keep those on minimum wage in a rental trap, their options are no work life balance for years to get a deposit together, or rent for life.
This petition was rejected
Why was this petition rejected?
It’s about something that the UK Government or Parliament is not directly responsible for.
We can't accept your petition because the UK Government and Parliament aren't responsible for the issue you raise. Mortgage offers and affordability levels are a matter for lenders rather than the UK Government or Parliament.
We only reject petitions that don’t meet the petition standards.