Shared Equity Mortgages (EDM1163)

Shared Equity Mortgages

EDM number 1163 in 2006-07, proposed by Bob Spink on 19/03/2007.

That this House understands the misery caused to many people, particularly the elderly, as a result of taking out shared equity mortgage (SAMs) and the financial problems they now suffer as a result; and calls on the Government to review its policy on possible SAM mis-selling and profiteering by financial institutions at the expense of these people, and to instruct the FSA to review the selling-on of these mortgages to third parties and the impact that has on mortgage holders, and to review the extent and levels of additional charges such as repeat valuations, and legal and termination charges, and determine whether these are reasonable in view of the very high level of profit made from these schemes.

This motion has been signed by a total of 33 MPs.

MP	Date	Constituency	Party	Type
Bob Spink	19/03/2007	Castle Point	Conservative	Proposed
Alan Meale	20/03/2007	Mansfield	Labour	Seconded
Derek Conway	20/03/2007	Old Bexley & Sidcup	Conservative	Seconded
Lynne Jones	20/03/2007	Birmingham, Selly Oak	Labour	Seconded
Peter Bottomley	20/03/2007	Worthing West	Conservative	Seconded
Andrew Dismore	20/03/2007	Hendon	Labour	Seconded
Vincent Cable	20/03/2007	Twickenham	Liberal Democrat	Signed
Gregory Campbell	20/03/2007	East Londonderry	DUP	Signed
David Simpson	21/03/2007	Upper Bann	DUP	Signed
Mark Durkan	21/03/2007	Foyle	Social Democratic and Labour Party	Signed
Clive Efford	21/03/2007	Eltham	Labour	Signed
Rudi Vis	21/03/2007	Finchley and Golders Green	Labour	Signed
Stephen Williams	21/03/2007	Bristol West	Liberal Democrat	Signed
John Pugh	22/03/2007	Southport	Liberal Democrat	Signed
Derek Wyatt	22/03/2007	Sittingbourne and Sheppey	Labour	Signed
Bill Etherington	23/03/2007	Sunderland North	Labour	Signed
Rob Marris	26/03/2007	Wolverhampton South West	Labour	Signed
Paul Flynn	26/03/2007	Newport West	Labour	Signed
Brian Jenkins	27/03/2007	Tamworth	Labour	Signed
Doug Naysmith	27/03/2007	Bristol North West	Labour	Signed
Andrew George	27/03/2007	St Ives	Liberal Democrat	Signed
Janet Anderson	27/03/2007	Rossendale and Darwen	Labour	Signed
Edward Davey	28/03/2007	Kingston and Surbiton	Liberal Democrat	Signed
Desmond Turner	28/03/2007	Brighton, Kemptown	Labour	Signed
Dan Rogerson	28/03/2007	North Cornwall	Liberal Democrat	Signed
Jo Swinson	16/04/2007	East Dunbartonshire	Liberal Democrat	Signed
Paul Rowen	18/04/2007	Rochdale	Liberal Democrat	Signed
John Hemming	19/04/2007	Birmingham, Yardley	Liberal Democrat	Signed
Phil Willis	20/04/2007	Harrogate and Knaresborough	Liberal Democrat	Signed
John McDonnell	23/04/2007	Hayes and Harlington	Labour	Signed
Paul Truswell	30/04/2007	Pudsey	Labour	Signed
Alan Simpson	01/05/2007	Nottingham South	Labour	Signed
Pete Wishart	03/07/2007	Perth and North Perthshire	Scottish National Party	Signed

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