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.

Commons Briefing Papers

DateDescription
25.08.2016Common Financial Services Questions
This Paper looks at a broad range of financial service and financial institution's issues.
05.05.2016Support for Mortgage Interest (SMI) scheme
This Commons Library briefing paper explains the assistance available for certain households with their mortgage interest payments. Help with mortgage costs is available to claimants of certain means-tested benefits for people not in full-time work. The schemes are collectively known as Support for Mortgage Interest (SMI). Payments are made towards mortgage interest payments and are generally made direct to lenders.
08.01.2016Mortgage Credit Directive
This note brings together resources on the Mortgage Credit Directive to be introduced in the UK in 2016
09.06.2015Endowment mortgages
The endowment mortgage mis-selling scandal was the first and largest financial scandal of this century. It shaped both the new regualtor and the then new office of Financial Ombudsman.
19.03.2015The Parties' housing policy commitments 2015
This note collates public commitments made on housing policy by the Conservatives, Labour, the Liberal Democrats, UKIP and the Green Party ahead of the publication of the parties' 2015 election manifestos.
04.03.2014Mortgage 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.
09.01.2014Mortgage Arrears and Repossessions
This note explains Government measures to assist people who are struggling to meet their mortgage commitments.
24.10.2011Mortgage repossessions: tenants' rights (England and Wales)
This House of Commons Library briefing paper summarises the options available to tenants when they discover that their landlord has defaulted on the mortgage payments.
15.02.2011Repossessions 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.
22.02.2010Mortgage 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.

Select Committee Reports

DateDescription
27.10.2009Mortgage arrears and access to mortgage finance.
Government response. Treasury; Treasury Select Committee report [Commons]
21.07.2009Mortgage arrears and access to mortgage finance.
Treasury Select Committee report [Commons]

Early Day Motions

DateDescription
13.12.2010LARGE 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 ...
08.11.2010SUPPORT 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 ...
03.02.2010BEREAVEMENT 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 ...
19.01.2010MORTGAGE 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 ...
15.07.2009RULES 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 ...

Glossary

  • Commons Briefing Papers (CBP) Papers providing in-depth and impartial analysis on every major piece of primary legislation and on other topics of public and parliamentary concern. Regular statistics papers are also published.
  • Early Day Motions (EDMs) - formal motions submitted by MPs in the House of Commons
  • POSTnotes (POST PN) - proactive four-page policy briefings from the Parliamentary Office of Science and Technology based on reviews of the research literature, interviews with stakeholders and peer review, commissioned by the POST Board
  • Lords Library Notes (LLN) - authored publications by the research section of the House of Lords Library that provide analysis of Bills, subjects for debate in the House and other issues of interest to Members.
  • Select Committee Reports - papers produced by all select committees of both Houses