Petition Encourage banks not to refuse mortgages for properties with high service charge
There have been reports that some banks are not providing mortgages on some properties with high service charges. I urge the government to intervene.
More details
With increasing compliance and fire inspection costs, utilities and contractor fees, it has caused some service charges to rise to more than 1% of the value of the apartment.
Given that banks have been bailed out by taxpayers multiple times, we think it is time for the government to support trapped sellers in return.
24 signatures
Show on a map the geographical breakdown of signatures by constituency
10,000 signatures required to get a government response
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