MORTGAGE INFORMATION FOR CONSUMERS

Early day motion 197, tabled 26 November 2002 by Julia Drown (Labour). Signed by 54 members.

That this House welcomes the recent launch of the comparative tables by the Financial Services Authority, but notes that the tables do not provide consumers with the ability to search the vast range of mortgage products for those that comply with the Government's CAT (Charges, Access, Terms) standard which gives consumers confidence that there are no hidden charges for clauses; further notes that they do not allow consumers to search by cost over five years, seven years or by the total amount payable on a mortgage; and calls on the Government to require the Financial Services Authority to deliver this information so that consumers can make an informed choice.

Signatures by party: Labour 38, Liberal Democrat 7, Labour/Co-operative 5, Plaid Cymru 2, Scottish National Party 1, UUP 1.