Reducing Numbers Of Home Repossessions

EDM number 2525 in 2007-08, proposed by Bob Spink on 19/11/2008.
Categorised under the topic of Mortgages.

That this House notes the Council of Mortgage Lenders' estimate that repossessions will rise to 45,000 homes this year; further notes that lenders are becoming more aggressive in reducing the debt they were more than happy to take on a few months ago; understands the misery caused to families and children in particular when their home is repossessed; congratulates the Government on introducing a discretionary pre-repossession protocol for judges which will help to prevent avoidable repossessions; and urges the Government to make this protocol a statutory requirement by embodying it in primary legislation.

This motion has been signed by a total of 6 MPs.