Rejected petition Mortgage providers use private rental payments for mortgage applications.

Make banks and mortgage providers take into account rental payments as proof of affordability. The system is outdated and need to be revised.

More details

I propose a change in the way mortgages are approved by banks and lenders. Many applicants are refused mortgages based on affordability checks, credit score, yearly income etc. Having a proven track record of payments while renting clearly shows it is affordable. Many mortgage repayments are lower than rental costs allowing money to be saved for maintenance, repairs or renovations

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. This is a decision for lenders.

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

Date submitted 24 June 2022
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.