Expanding Access To Retirement Interest-Only Mortgages (EDM1168)

Expanding Access To Retirement Interest-Only Mortgages

EDM number 1168 in 2017-19, proposed by Stephen Lloyd on 17/04/2018.
Categorised under the topics of Elderly people, Housing and Mortgages.

That this House welcomes the decision of the Financial Conduct Authority to recognise retirement interest-only mortgages as standard mortgages; recognises that as a population we are living longer; is concerned that the actions of mortgage lenders may threaten elderly homeowners holding interest-only mortgages with repossession once they reach the age of 75; and urges Santander and other major mortgage lenders to follow the example set by Nationwide and other high street lenders to allow interest-only mortgages to customers up to the age of 85 and beyond.

This motion has been signed by a total of 26 MPs.

MP	Date	Constituency	Party	Type
Stephen Lloyd	17/04/2018	Eastbourne	Liberal Democrat	Proposed
Jonathan Edwards	18/04/2018	Carmarthen East and Dinefwr	Plaid Cymru	Seconded
Bob Blackman	18/04/2018	Harrow East	Conservative	Seconded
Chris Stephens	18/04/2018	Glasgow South West	Scottish National Party	Seconded
Jim Shannon	19/04/2018	Strangford	DUP	Seconded
David Linden	23/04/2018	Glasgow East	Scottish National Party	Seconded
Jim Cunningham	23/04/2018	Coventry South	Labour	Signed
Carol Monaghan	23/04/2018	Glasgow North West	Scottish National Party	Signed
Lloyd Russell-Moyle	23/04/2018	Brighton, Kemptown	Labour/Co-operative	Signed
Peter Bottomley	24/04/2018	Worthing West	Conservative	Signed
Lady Hermon	24/04/2018	North Down	Independent	Signed
Layla Moran	24/04/2018	Oxford West and Abingdon	Liberal Democrat	Signed
Tim Farron	24/04/2018	Westmorland and Lonsdale	Liberal Democrat	Signed
Martyn Day	24/04/2018	Linlithgow and East Falkirk	Scottish National Party	Signed
David Simpson	24/04/2018	Upper Bann	DUP	Signed
Liz Saville Roberts	24/04/2018	Dwyfor Meirionnydd	Plaid Cymru	Signed
Caroline Lucas	25/04/2018	Brighton, Pavilion	Green	Signed
Norman Lamb	26/04/2018	North Norfolk	Liberal Democrat	Signed
Ruth George	30/04/2018	High Peak	Labour	Signed
Wera Hobhouse	01/05/2018	Bath	Liberal Democrat	Signed
Paul Girvan	01/05/2018	South Antrim	DUP	Signed
Alan Brown	09/05/2018	Kilmarnock and Loudoun	Scottish National Party	Signed
Marion Fellows	10/05/2018	Motherwell and Wishaw	Scottish National Party	Signed
David Crausby	16/05/2018	Bolton North East	Labour	Signed
Drew Hendry	21/05/2018	Inverness, Nairn, Badenoch and Strathspey	Scottish National Party	Signed
Angus MacNeil	21/05/2018	Na h-Eileanan an Iar	Scottish National Party	Signed

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