Mortgage Repossessions

EDM number 261 in 1991-92, proposed by Ronnie Fearn on 26/11/1991.

That this House is alarmed by the record levels of home repossessions in the first three quarters of 1991; and calls upon the Government to introduce a mortgages to rent scheme, promote shared ownership between building societies, local authorities, housing associations and owner occupiers, adjust the rates of family credit to reflect liability for mortgage interest repayments, and to allow the mortgage interest element of income support to be paid directly to the mortgage lender more quickly in order that additional debt does not accrue.

This motion has been signed by a total of 32 MPs.