Early day motion tabled by primary sponsor Stephen Lloyd (Liberal Democrat), on Tuesday, 17 April 2018, in the House of Commons. It is signed by 26 members in total.
EXPANDING ACCESS TO RETIREMENT INTEREST-ONLY 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.
Secondary information
- Type
- Early day motion
- Reference
- 1168
- Session
- 2017-19
- Other sponsors
- Bob Blackman
- Jonathan Edwards
- Jim Shannon
- Chris Stephens
- David Linden
- Subjects
- Housing Older people Mortgages
- Link
- View this Early day motion on www.parliament.uk
Librarians' tools
- Timestamp
- 2022-10-09 16:09:30 +0100
- URI
- http://data.parliament.uk/edms/51639
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/edms/51639
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/edms/51639