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Shared Appreciation Mortgage Schemes

EDM number 130 in 2006-07, proposed by Derek Wyatt on 16/11/2006.

That this House notes that shared appreciation mortgage schemes were included as one of the 231 Millennium Products unveiled by the then Trade and Industry Secretary, Peter Mandelson in 1998; draws attention to his comments at the launch `Millennium Products are cutting edge, pioneering and innovative. They demonstrate British genius and expertise, highlighting our excellence in information technology, industry and science'; further notes that they certainly highlighted the City's brilliance at creating a scheme that gives their mortgage lenders at the time, Barclays Bank International plc and Bank of Scotland (now HBOS), 75 per cent. of any increase in the price of their properties when they are sold; and calls on the Government to commence talks with these two companies and others to find a solution to the 15,000 pensioners trapped in shared appreciation schemes.

This motion has been signed by a total of 45 MPs.

MPDateConstituencyPartyType
Derek Wyatt16/11/2006Sittingbourne and SheppeyLabourProposed
Andrew George20/11/2006St IvesLiberal DemocratSeconded
Mark Durkan20/11/2006FoyleSocial Democratic and Labour PartySeconded
David Taylor21/11/2006North West LeicestershireLabourSeconded
Derek Conway21/11/2006Old Bexley & SidcupConservativeSeconded
Gregory Campbell21/11/2006East LondonderryDUPSeconded
Albert Owen21/11/2006Ynys MLabourSigned
David Simpson22/11/2006Upper BannDUPSigned
Bob Spink22/11/2006Castle PointConservativeSigned
Alasdair McDonnell22/11/2006Belfast SouthSocial Democratic and Labour PartySigned
Colin Breed22/11/2006South East CornwallLiberal DemocratSigned
Dan Rogerson22/11/2006North CornwallLiberal DemocratSigned
Evan Harris23/11/2006Oxford West and AbingdonLiberal DemocratSigned
John Hemming23/11/2006Birmingham, YardleyLiberal DemocratSigned
Sammy Wilson23/11/2006East AntrimDUPSigned
Paul Flynn23/11/2006Newport WestLabourSigned
Ann Cryer23/11/2006KeighleyLabourSigned
David Chaytor23/11/2006Bury NorthLabourSigned
Eric Illsley23/11/2006Barnsley CentralLabourSigned
Rudi Vis29/11/2006Finchley and Golders GreenLabourSigned
Alan Simpson30/11/2006Nottingham SouthLabourSigned
David Anderson06/12/2006BlaydonLabourSigned
Marsha Singh31/01/2007Bradford WestLabourSigned
Alan Keen19/02/2007Feltham and HestonLabourSigned
Paul Truswell21/02/2007PudseyLabourSigned
Jo Swinson01/03/2007East DunbartonshireLiberal DemocratSigned
Gary Streeter21/03/2007South West DevonConservativeSigned
Matthew Taylor21/03/2007Truro and St AustellLiberal DemocratSigned
Harry Cohen22/03/2007Leyton and WansteadLabourSigned
Janet Dean22/03/2007BurtonLabourSigned
Ann Widdecombe22/03/2007Maidstone and The WealdConservativeSigned
Michael Penning26/03/2007Hemel HempsteadConservativeSigned
Mark Pritchard26/03/2007The WrekinConservativeSigned
Jon Trickett29/03/2007HemsworthLabourSigned
Richard Bacon16/04/2007South NorfolkConservativeSigned
Robert Walter16/04/2007North DorsetConservativeSigned
Paul Holmes17/04/2007ChesterfieldLiberal DemocratSigned
Brian Binley18/04/2007Northampton SouthConservativeSigned
Pete Wishart23/04/2007Perth and North PerthshireScottish National PartySigned
Colin Burgon04/06/2007ElmetLabourSigned
Bob Neill15/06/2007Bromley and ChislehurstConservativeSigned
Robert Smith08/10/2007West Aberdeenshire and KincardineLiberal DemocratSigned
Kerry McCarthy08/10/2007Bristol EastLabourSigned
Tom Brake09/10/2007Carshalton and WallingtonLiberal DemocratSigned
Paul Rowen29/10/2007RochdaleLiberal DemocratSigned

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