ENDOWMENT MORTGAGE COMPLAINTS

Early day motion 1824, tabled 7 July 2009 by Bob Spink (Independent). Signed by 37 members.

That this House notes with concern the time-barring by financial institutions of endowment mortgage complaints; further notes that in many cases endowment mortgages were mis-sold to consumers in the 1980s and 1990s; further notes that time-barring disadvantages elderly and vulnerable consumers and has excluded them from the benefits of recent research and policy changes; and therefore urges the Government to review the Financial Services Authority's policy on time-bars.

Signatures by party: Labour 19, Liberal Democrat 8, DUP 4, Scottish National Party 2, Social Democratic and Labour Party 2, Independent 1, Plaid Cymru 1.