Reduce the Qualifying period for interest payment on mortgages
We, the undersigned, petition the Prime Minister to Reduce the Qualifying period for interest payment on mortgages
After becoming unemployed I had to wait 39 weeks before the government stepped in and undertook to cover the interest payments on my mortgage.
As it turn out the difference between the interest payments and the rent for a similar property is no more than £10 a week.
If I was in the renting market them my housing costs would have been met from the moment I signed on as unemployed.
This policy is effectively increasing the debt burden on people and is unjust. How can someone that is getting £60 a week be expected to pay £300 a month in order to prevent them form becoming homeless when a council or private tenant can have a similar sum paid.
This petition closed on Thursday 2 April 2009 without having attracted any support at all. The creator was left in a minority of one. Here’s your chance to comment on this petition.