Conduct Of Mortgage Lenders

EDM number 976 in 2013-14, proposed by David Morris on 22/01/2014.
Categorised under the topic of Mortgages.

That this House condemns mortgage lenders breaching tracker rate mortgage contracts by unilaterally increasing the margin they charge over the Bank of England base rate in order to increase their profit margins and deliberately targeting borrowers where consumer protection law is ambiguous; and calls on the Government to investigate the alleged associated recent activities of the Bank of Ireland and West Bromwich Building Society.

This motion has been signed by a total of 53 MPs.