Endowment Mortgage Complaints
EDM number 1824 in 2008-09, proposed by Bob Spink on 07/07/2009.
Categorised under the topic of Mortgages.
That this House notes with concern the time-barring by financial institutions of endowment mortgage complaints; further notes that in many cases endowment mortgages were mis-sold to consumers in the 1980s and 1990s; further notes that time-barring disadvantages elderly and vulnerable consumers and has excluded them from the benefits of recent research and policy changes; and therefore urges the Government to review the Financial Services Authority's policy on time-bars.
This motion has been signed by a total of 37 MPs.
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