Petition Make 5% deposit mortgage guarantee scheme available only to first-time buyers

The Budget 2021 had a scheme for all buyer to get mortgage guarantee for any property (new/old which is a good news). But, this should be only for first time buyer.

More details

The Government is helping people to reach the property leader, but the current policy will create further competition between "buy to let" buyers and "first time buyers”.

Increasing availability of mortgages to potential buyers could increase property value (sustain the market). People who already have a property and wanted to invest the money in "buy to let" will be happy. Whereas first-time buyers may suffer if property value goes up.

Restricting this scheme to first-time buyers will help enable more people reach the property ladder, without increasing competition with existing homeowners or risking inflating property values.

This petition is closed This petition ran for 6 months

28 signatures

Show on a map

10,000

Date closed 15 September 2021
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.