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Closed Allow affordable monthly repayments for Help to Buy equity loans

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First-time buyers can become trapped in the Help to Buy scheme and not able to repay the equity loan, as the scheme just allow repayments over 10% of the value of the property. It is very hard to save the money to make these large payments and there are a lot of fees included.

Help to buy should be a scheme where the first-time buyers can make affordable monthly repayments like a mortgage. Some first-time buyers feel they have to sell their home after five years because they cannot afford to pay a sum of over 10%.

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    If this petition gets 10,000 signatures, government will respond to it.

    If this petition gets 100,000 signatures, it will be considered for debate in Parliament.

    This petition will stay open until 30 September 2021.