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Limit On Homes Debt Repayment

EDM number 161 in 1999-00, proposed by Paul Flynn on 08/12/1999.

That this House agrees with the Citizens' Advice Bureau that debts on homes should have a six year ceiling in common with other debts; regrets the action of Nationwide and other lenders in demanding repayments of 12 year old debts that they had not previously pursued; sympathises with those victims of negative equity who had lost their homes but believed that they had discharged their financial obligations until totally unexpected demands recently arrived, including in one case a demand for ú47,000; and urges the Nationwide to follow the example of Equitable Life and fund a court test case to determine the legality of this oppressive practice which is driving many families into a second financial crisis that they did not anticipate and cannot manage.

This motion has been signed by a total of 32 MPs, 1 of these signatures have been withdrawn.

MPDateConstituencyPartyType
Paul Flynn08/12/1999Newport WestLabourProposed
Gordon Prentice08/12/1999PendleLabourSigned
Bob Russell09/12/1999ColchesterLiberal DemocratSigned
Lynne Jones09/12/1999Birmingham, Selly OakLabourSigned
Kevin McNamara09/12/1999Kingston upon Hull NorthLabourSigned
Jim Dobbin09/12/1999Heywood & MiddletonLabour Co-operativeSigned
Neil Gerrard09/12/1999WalthamstowLabourSigned
Ann Cryer13/12/1999KeighleyLabourSigned
Bill Etherington13/12/1999Sunderland NorthLabourSigned
Harry Barnes13/12/1999North East DerbyshireLabourSigned
Nigel Jones14/12/1999CheltenhamLiberal DemocratSigned
David Drew14/12/1999StroudLabour Co-operativeSigned
Derek Wyatt14/12/1999Sittingbourne & SheppeyLabourSigned
Michael Jabez Foster15/12/1999Hastings & RyeLabourSigned
Michael Clapham15/12/1999Barnsley West & PenistoneLabourSigned
Colin Breed15/12/1999South East CornwallLiberal DemocratSigned
Vincent Cable15/12/1999TwickenhamLiberal DemocratSigned
Robert Smith16/12/1999West Aberdeenshire & KincardineLiberal DemocratSigned
David Heath16/12/1999Somerton & FromeLiberal DemocratSigned
Stephen Ladyman16/12/1999South ThanetLabourSigned
Martin Caton20/12/1999GowerLabourSigned
Rudi Vis20/12/1999Finchley & Golders GreenLabourSigned
John McDonnell10/01/2000Hayes & HarlingtonLabourSigned
Phil Sawford10/01/2000KetteringLabourSigned
Jane Griffiths13/01/2000Reading EastLabourSigned
Win Griffiths13/01/2000BridgendLabourSigned
Harold Best13/01/2000Leeds North WestLabourSigned
Jim Cunningham20/01/2000Coventry SouthLabourSigned
Tony McWalter27/01/2000Hemel HempsteadLabour Co-operativeSigned
Alan Meale27/01/2000MansfieldLabourSigned
Marsha Singh09/02/2000Bradford WestLabourSigned
Audrey WiseUnknownWithdrawn

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