REDUCING NUMBERS OF HOME REPOSSESSIONS

Early day motion 34, tabled 3 December 2008 by Bob Spink (Independent). Signed by 32 members.

That this House notes the Council of Mortgage Lenders' estimate that the repossession of homes will rise considerably this year; further notes that lenders are becoming more aggressive in reducing the debt they were more than happy to take on a few months ago; understands the misery caused to families and children in particular when their home is repossessed; congratulates the Government on introducing a discretionary pre-repossession protocol for judges which will help to prevent avoidable repossessions; and urges the Government to make this protocol a statutory requirement by embodying it in primary legislation.

Signatures by party: Liberal Democrat 13, Labour 11, Independent 4, DUP 3, Social Democratic and Labour Party 1.