This petition was submitted during the 2019-2024 parliament
Rejected petition Instruct mortgage lenders to accept Furlough as a form of genuine income.
Look at ways the banking sector can have assurances from the government that lending money for mortgages to taxpayers currenrly on or have been on Furlough will not be seen as a high risk.
This is potential crisis that will leave millions of taxpayers stuck on higher rate mortgages.
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During the banking crisis of 2008 which was the result of careless and reckless management on the bankers part, the government bailed the banks out with millions if not billions of pounds of taxpayers money. Fast forward to 2020/2021 in the middle of the Covid-19 with many taxpayers on Furlough, the banks are refusing mortgages for genuine hard working taxpayers because they refuse to accept the Furlough scheme as a form of income. This is immensely unfair and needs to be addressed.
This petition was rejected
Why was this petition rejected?
It’s about something that the UK Government or Parliament is not directly responsible for.
We can't accept your petition because the UK Government and Parliament aren't responsible for the issue you raise. This is a decision for mortgage providers.
We only reject petitions that don’t meet the petition standards.