Allow pensions to offer 0% interest house deposit loans and low rate mortgages
Allow Pension Providers to offer 0% interest loans for 10% house deposits, using the pension pot as collateral. This should be an "authorised payment" to avoid the any tax charge. Providers should then be allowed to offer 90% mortgages at rates lower than current rent. Paying the loan and mortgage.
Signatures
19
signatures
Government response threshold (10,000) · 19/10,000
Debate threshold (100,000) · 19/100,000
- 27 MAR 2026Petition opened for signaturesCreated by CALUM SCOTT GORDON MILTON
Background
We believe current rules trap people in high-rent cycles. Using a pension as a 10% deposit could guarantee those in their 30s to buy a house sooner without depleting their pot. By ensuring they are beating rent prices, homeowners can pay off the interest-free loan quickly and reduce monthly bills. This could free up social and private rented housing, save the state billions in future housing benefit for pensioners, and guarantees a rent free roof over the head of every pensioner, ensuring long-term financial security.