MORTGAGE FORECLOSURES BY NORTHERN ROCK

Early day motion 2288, tabled 17 October 2008 by Andrew Pelling (Independent). Signed by 34 members.

That this House believes that mortgagees at risk of default deserve the same breathing space as troubled financial institutions so as to be allowed to recover their financial stability, and that a reduced rate of foreclosures will reduce the risk of a further downward spiral in the economy from the forced sale of housing assets; and expresses its concern about the rate of shrinkage in the mortgage book of Northern Rock and the robust foreclosure tactics reported by holders of Northern Rock mortgages.

Signatures by party: Labour 19, Liberal Democrat 8, Independent 2, Social Democratic and Labour Party 2, DUP 1, Plaid Cymru 1, UKIP 1.