Coronavirus (COVID-19)

What you need to do

What the Petitions Committee is doing

Petition Reduce interest rate for Help to Buy scheme.

Help to buy scheme started a few years back introduced up to 20% equity loan to first time buyers. Interest rates were not applied for first five years but then starts at 1.75% and expected to increase by at least 1% each year thereafter. Interest rates should be lowered with current rate

More details

Bank of England Interest rate in current economic climate and with COVID-19 situation has gone already down and therefore government should reconsider their position on charging a much higher rate to first time buyers who were helped by the scheme but won’t be able to repay with higher interest rate.

Sign this petition

34 signatures

Show on a map

10,000

At 10,000 signatures...

At 10,000 signatures, government will respond to this petition

At 100,000 signatures...

At 100,000 signatures, this petition will be considered for debate in Parliament

Share this petition