Early day motion tabled by primary sponsor Paul Flynn (Labour), on Wednesday, 17 November 1999, in the House of Commons. It is signed by 56 members in total.
MIS-SELLING OF MORTGAGES
That this House is alarmed at the continuing high sales of endowment mortgages; agrees with the Consumers' Association that endowments are 'risky inflexible products which typically pay seven times the commission of repayment mortgages'; calls for legislation to end the hidden charges and high redemption charges in other mortgages; and urges speedy compensation for the victims of mis-selling and the establishment of a financial advice service that will be independent of the selling process.
Secondary information
- Type
- Early day motion
- Reference
- 11
- Session
- 1999-00
- Subjects
- Mortgages Misrepresentation
- Link
- View this Early day motion on www.parliament.uk
Librarians' tools
- Timestamp
- 2022-06-27 20:46:38 +0100
- URI
- http://data.parliament.uk/edms/19005
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/edms/19005
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- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/edms/19005