{"links":{"self":"https://petition.parliament.uk/archived/petitions/620703.json"},"data":{"type":"archived-petition","id":620703,"parliament":{"period":"2019-2024","government":"Conservative","dissolution_at":"2024-05-30T00:01:00.000+01:00","response_threshold":10000,"debate_threshold":100000},"attributes":{"action":"Banks to acknowledge rent payments as equal as mortgage payments.","background":"For first time buyers to be able to get on the property ladder by using their rent payments as proof for affordability when trying to purchase a home. If your rent is more than what you could be paying on a mortgage rate then banks should allow this to be accepted for a mortgage.","additional_details":"With the current state of the property markets mainly in wales but across the UK, its impossible to get on the property ladder as a first time buyer. Rent is on the increase and many tenants are paying more in rent than what it would be on a mortgage. Government need to change this to help the current housing crisis in Wales and the UK.","committee_note":null,"state":"rejected","signature_count":9,"created_at":"2022-07-21T11:31:54.657Z","updated_at":"2022-07-22T14:25:47.403Z","rejected_at":"2022-07-22T14:25:37.817Z","opened_at":null,"closed_at":null,"moderation_threshold_reached_at":"2022-07-21T12:00:39.000Z","response_threshold_reached_at":null,"government_response_at":null,"debate_threshold_reached_at":null,"debate_scheduled_on":null,"scheduled_debate_date":null,"debate_outcome_at":null,"rejection":{"code":"irrelevant","details":"Decisions on how to determine the affordability of a mortgage to a potential homeowner is a commercial matter for lenders, not the UK Government or House of Commons.\r\n\r\nYou may wish to sign this petition which calls for a related action:\r\n\r\nRaise stamp duty land tax (SDLT) thresholds for first-time buyers: https://petition.parliament.uk/petitions/611488 "},"government_response":null,"debate":null,"departments":[],"topics":[]}}}