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.

MP	Date	Constituency	Party	Type
Derek Wyatt	16/11/2006	Sittingbourne & Sheppey	Labour	Proposed
Andrew George	20/11/2006	St Ives	Liberal Democrat	Seconded
Mark Durkan	20/11/2006	Foyle	Social Democratic and Labour Party	Seconded
David Taylor	21/11/2006	North West Leicestershire	Labour	Seconded
Derek Conway	21/11/2006	Old Bexley & Sidcup	Conservative	Seconded
Gregory Campbell	21/11/2006	East Londonderry	DUP	Seconded
Albert Owen	21/11/2006	Ynys M	Labour	Signed
Daniel Rogerson	22/11/2006	North Cornwall	Liberal Democrat	Signed
Colin Breed	22/11/2006	South East Cornwall	Liberal Democrat	Signed
Alasdair McDonnell	22/11/2006	Belfast South	Social Democratic and Labour Party	Signed
Bob Spink	22/11/2006	Castle Point	Conservative	Signed
David Simpson	22/11/2006	Upper Bann	DUP	Signed
John Hemming	23/11/2006	Birmingham, Yardley	Liberal Democrat	Signed
Sammy Wilson	23/11/2006	East Antrim	DUP	Signed
Paul Flynn	23/11/2006	Newport West	Labour	Signed
Ann Cryer	23/11/2006	Keighley	Labour	Signed
David Chaytor	23/11/2006	Bury North	Labour	Signed
Eric Illsley	23/11/2006	Barnsley Central	Labour	Signed
Evan Harris	23/11/2006	Oxford West & Abingdon	Liberal Democrat	Signed
Rudi Vis	29/11/2006	Finchley & Golders Green	Labour	Signed
Alan Simpson	30/11/2006	Nottingham South	Labour	Signed
David Anderson	06/12/2006	Blaydon	Labour	Signed
Marsha Singh	31/01/2007	Bradford West	Labour	Signed
Alan Keen	19/02/2007	Feltham & Heston	Labour	Signed
Paul Truswell	21/02/2007	Pudsey	Labour	Signed
Jo Swinson	01/03/2007	East Dunbartonshire	Liberal Democrat	Signed
Gary Streeter	21/03/2007	South West Devon	Conservative	Signed
Matthew Taylor	21/03/2007	Truro & St Austell	Liberal Democrat	Signed
Ann Widdecombe	22/03/2007	Maidstone & The Weald	Conservative	Signed
Janet Dean	22/03/2007	Burton	Labour	Signed
Harry Cohen	22/03/2007	Leyton & Wanstead	Labour	Signed
Michael Penning	26/03/2007	Hemel Hempstead	Conservative	Signed
Mark Pritchard	26/03/2007	Wrekin, The	Conservative	Signed
Jon Trickett	29/03/2007	Hemsworth	Labour	Signed
Robert Walter	16/04/2007	North Dorset	Conservative	Signed
Richard Bacon	16/04/2007	South Norfolk	Conservative	Signed
Paul Holmes	17/04/2007	Chesterfield	Liberal Democrat	Signed
Brian Binley	18/04/2007	Northampton South	Conservative	Signed
Pete Wishart	23/04/2007	Perth & Perthshire North	Scottish National Party	Signed
Colin Burgon	04/06/2007	Elmet	Labour	Signed
Bob Neill	15/06/2007	Bromley & Chislehurst	Conservative	Signed
Robert Smith	08/10/2007	Aberdeenshire West & Kincardine	Liberal Democrat	Signed
Kerry McCarthy	08/10/2007	Bristol East	Labour	Signed
Tom Brake	09/10/2007	Carshalton & Wallington	Liberal Democrat	Signed
Paul Rowen	29/10/2007	Rochdale	Liberal Democrat	Signed

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