Reducing Numbers Of Home Repossessions
EDM number 34 in 2008-09, proposed by Bob Spink on 03/12/2008.
Categorised under the topic of Mortgages.
That this House notes the Council of Mortgage Lenders' estimate that the repossession of homes will rise considerably 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 32 MPs.
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