Reduce BoE base rate to 0.5% and cap residential mortgage interest at 0.5% — 7 signatures. Status: rejected.
We ask the UK Government & Parliament to work with Bank of England to reduce the base rate to 0.5% immediately & introduce a legal cap limiting interest on all residential owner-occupier mortgages to a maximum of 0.5%, to protect homes as a basic need & prevent unaffordable costs and repossessions.
Housing is a fundamental basic need, not a luxury. Millions of homeowners & families face crippling costs as high intrest rates add hundreds to monthly bills. Many risk losing their only home through no fault of their own. We ask the Government and Parliament to work with the Bank of England to cut the base rate to 0.5% immediately & cap interest on all residential owner‑occupier mortgages at 0.5%. This will deliver urgent relief, stop repossessions & protect people’s homes.
View this petition on the official UK Parliament website