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PARLIAMENTARY EARLY DAY MOTION
EXPANDING ACCESS TO RETIREMENT INTEREST-ONLY MORTGAGES (16 April 2018)

Motion Details

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.

Sponsored by:
Stephen Lloyd (Liberal Democrat)

EDMS Sponsor By Party

Party
Votes
%
 
Scottish National Party
7
27%
 
 
Liberal Democrat
5
19%
 
 
Labour
4
15%
 
 
Independent
3
12%
 
 
Democratic Unionist Party
3
12%
 
 
Conservative
2
8%
 
 
Green Party
1
4%
 
 
Plaid Cymru
1
4%
 
Sponsor List (26 sponsors)
Party
Member
Constituency
Con
Bob Blackman
Harrow East
Con
Sir Peter Bottomley
SNP
Alan Brown
Lab
Sir David Crausby
Lab
Mr Jim Cunningham
SNP
Martyn Day
Ind
Jonathan Edwards
LD
Tim Farron
Westmorland and Lonsdale
SNP
Marion Fellows
Lab
Ruth George
DUP
Paul Girvan
SNP
Drew Hendry
Ind
Lady Hermon
LD
Wera Hobhouse
Bath
LD
Norman Lamb
SNP
David Linden
LD
Stephen Lloyd (Sponsor)
Green
Caroline Lucas
Ind
Angus Brendan MacNeil
SNP
Carol Monaghan
LD
Layla Moran
Oxford West and Abingdon
Lab
Lloyd Russell-Moyle
PC
Liz Saville Roberts
Dwyfor Meirionnydd
DUP
Jim Shannon
Strangford
DUP
David Simpson
SNP
Chris Stephens

Contains Parliamentary information licensed under the Open Parliament Licence v3.0.