Mortgages
This page highlights some of the current parliamentary material available on mortgages. This includes select committee reports, briefing papers on current legislation and other subjects produced by the parliamentary research services, and the latest Early Day Motions put down by MPs. Related information can be found under financial services and owner occupation.
Standard Notes
| Date | Description |
|---|---|
| 14.11.2012 | Mortgage Market Review |
| This note describes the proposed changes to the rules surrounding the granting of mortgages by lenders. The changes are intended to provide more protection for consumers and to reduce the chance of mortgage holders experiencing difficulty in paying off their debt. The mortgage industry however, argue that the rules are too strict and will dramatically reduce the chance of some sections of society being able to get the loan funding that they want. | |
| 09.11.2012 | Mortgage Arrears and Repossessions |
| This note explains Government measures to assist people who are struggling to meet their mortgage commitments. | |
| 24.10.2011 | Mortgage Repossessions: Rights of Tenants |
| This note summarises the position when tenants are left in occupation after their landlord fails to pay the mortgage. | |
| 15.02.2011 | Repossessions and mortgage arrears: statistics |
| Repossessions and mortgage arrears: statistics. By Rachael Harker. SN/SG/263. This Note details trends in housing repossessions and mortgage arrears. | |
| 03.12.2008 | Means-tested benefits: help with mortgage costs |
| Means-tested benefits: help with mortgage costs. By Steven Kennedy. SN/SP/737. |
Research Papers
| Date | Description |
|---|---|
| 22.02.2010 | Mortgage Repossessions (Protection of Tenants Etc.) Bill: Committee Stage Report |
| This paper summarises the House of Commons Committee Stage of the Bill. In July 2009 the Government announced that it would legislate to ensure that tenants are given adequate notice to vacate their property if their landlord defaults on their mortgage. Over the summer of 2009, the Government consulted on legislative options to achieve this. On 3 December 2009, Dr Brian Iddon announced that he would introduce a Private Members' Bill to protect private tenants whose landlords default on their mortgage. The Bill has Government support. | |
| 25.01.2010 | Mortgage Repossessions (Protection of Tenants Etc.) Bill Bill 15 of 2009/10 |
| The main purpose of the Bill is to offer protection to tenants of rental properties whose landlord has both defaulted on his mortgage and not notified his lender that the property was being let (an 'unauthorised tenancy'). The Bill gives courts power to postpone the delivery of a possession order, and to stay or suspend the execution of an existing possession order. It also ensures the tenant is given notice of a possession order before its execution. | |
| 17.06.2005 | Regulation of Financial Services (Land Transactions) Bill (Bill 7 of 2005-06) |
| Regulation of Financial Services (Land Transactions) Bill (Bill 7 of 2005-06). House of Commons Library Research Paper 05/50 | |
| 24.06.1999 | Financial Services and Markets Bill (Bill 121 1998/99) |
| Financial Services and Markets Bill. (Bill 121 of 1998/99). House of Commons Library Research Paper 99/68. |
Select Committee Reports
| Date | Description |
|---|---|
| 27.10.2009 | Mortgage arrears and access to mortgage finance. |
| Government response. Treasury; Treasury Select Committee report [Commons] | |
| 21.07.2009 | Mortgage arrears and access to mortgage finance. |
| Treasury Select Committee report [Commons] |
Early Day Motions
| Date | Description |
|---|---|
| 13.12.2010 | LARGE MORTGAGE LENDERS AND SMALL SOLICITOR FIRMS |
| That this House regrets the decision by some larger mortgage lenders to reduce the number of firms on their panel of conveyancing solicitors; notes that this entails removing some firms ... | |
| 08.11.2010 | SUPPORT FOR MORTGAGE INTEREST RATES |
| 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 ... | |
| 03.02.2010 | BEREAVEMENT BENEFITS |
| That this House recognises that bereavement benefits are paid to those who are obliged to cope with singular difficulties at an emotional time; notes that receipt of such benefits can ... | |
| 19.01.2010 | MORTGAGE REPOSSESSION (PROTECTION OF TENANTS ETC) BILL |
| That this House notes with concern that some tenants in the private rented sector can currently be evicted with little or no notice when their landlords are repossessed; backs the provisions ... | |
| 15.07.2009 | RULES ON CLAIMS FOR MORTGAGE INTEREST AND RENTALS BY HON. MEMBERS |
| That this House recalls the Speaker's Statement on Allowances delivered to the House on 19 May 2009 which stipulated that mortgage interest claims will be capped at £1,250 per month ... |
