Support For Mortgage Interest Rates

EDM number 970 in 2010-12, proposed by Karl Turner on 08/11/2010.
Categorised under the topic of Mortgages.

That this House is concerned about the impact of the reduction to Support for Mortgage Interest rates from 6.08 per cent. to 3.63 per cent.; recognises some of the support was in need of reform, but notes that these reforms will affect 225,000 people including disabled people and pensioners; is further concerned that claimants were informed only days before and that the letter to claimants contained serious mistakes; is further concerned that the 40 per cent. reduction was implemented before securing a reduction in rates with mortgage lenders and as a result many people face a real threat of eviction; and calls on the Government to work with lenders quickly, to find an urgent solution to this situation and help stop vulnerable people from losing their homes.

This motion has been signed by a total of 35 MPs, 1 of these signatures have been withdrawn.