CONDUCT OF MORTGAGE LENDERS

Early day motion 976, tabled 22 January 2014 by David Morris (Conservative). Signed by 53 members.

That this House condemns mortgage lenders breaching tracker rate mortgage contracts by unilaterally increasing the margin they charge over the Bank of England base rate in order to increase their profit margins and deliberately targeting borrowers where consumer protection law is ambiguous; and calls on the Government to investigate the alleged associated recent activities of the Bank of Ireland and West Bromwich Building Society.

Signatures by party: Labour 22, Liberal Democrat 10, DUP 7, Conservative 6, Social Democratic and Labour Party 3, Independent 2, Alliance 1, Plaid Cymru 1, Respect 1.