This petition was submitted during the 2019-2024 parliament
Rejected petition Waive interest off for Help to Buy clients after 5 years for another 2 year.
Waive interest off for H to B client after 5 years until Cladding issues are resolved. Most of the owners are not able to borrow more to repay H to B loan as lenders are asking for EWS1 certificate and rating of above B2.
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Levying interest will be unfair as it is quite high and given rising inflation add will more pressure.
Most of the people are in position to pay-off loan by borrowing more but due to the current legislation regarding cladding can not get additional mortgage.
We want govt to give us more time so that cladding can be removed. It takes at least 2 years from start of the work to getting new rating and EWS1 certificate.
This petition was rejected
Why was this petition rejected?
It’s not clear what the petition is asking the UK Government or Parliament to do.
Petitions need to call on the Government or Parliament to take a specific action.
We understand that you want the Government to change how interest is charged on Help to Buy Equity Loans, but we're not sure exactly what changes you'd like. Your petition refers to waiving interest for "2 years", but goes on to refer to "until Cladding issues are resolved". It's also not clear if you want the Government to waive interest for all holders of Help to Buy Equity Loans, or just those affected cladding issues.
You could start a new petition explaining clearly what you would like the Government or Parliament to do.
We only reject petitions that don’t meet the petition standards.