This petition was submitted during the 2017 to 2019 Parliament
Rejected petition Stop mortgage lenders discriminating on how long you’ve had a bank account.
Rejected on
Mortgage lenders determine financial stability by looking at how long you’ve been with your bank, among various other complex factors.
High street banks promote a switching culture, enticing customers to bank with them in exchange for money. This results in an apparent weaker financial stability.
Why was this petition rejected?
It’s about something that the UK Government or Parliament is not directly responsible for.
Mortgage rules are the responsibility of the Financial Conduct Authority, which is independent.
You can find out more here:
https://www.fca.org.uk/consumers/affording-mortgage
We only reject petitions that don’t meet the petition standards.