Government Action On Sale And Rent Back Agreements
EDM number 2547 in 2007-08, proposed by John Mason on 20/11/2008.
Categorised under the topic of Owner occupation.
That this House notes that the current economic crisis has caused widespread uncertainty and placed huge pressures on homeowners; recognises that as many as 55,000 homeowners to date have turned to unconventional and unregulated housing agreements such as Sale and Rent Back (SRB) agreements to ease these pressures; further notes that these arrangements often create huge uncertainty as tenancies are not guaranteed in the long term; welcomes the publication of the Office of Fair Trading Market Study Report and its examination of the problems surrounding SRB agreements; further notes the recommendations of the Office of Fair Trading to create a regulatory framework for SRB agreements and to promote consumer understanding of their risks; expresses disappointment at the Government's weak response to these recommendations, pledging no more than impact assessment and consultation; and calls upon the Government to take decisive action to help struggling homeowners by implementing these measures immediately.
This motion has been signed by a total of 7 MPs.
MP | Date | Constituency | Party | Type |
---|---|---|---|---|
John Mason | 20/11/2008 | Glasgow East | Scottish National Party | Proposed |
Peter Bottomley | 20/11/2008 | Worthing West | Conservative | Seconded |
Adrian Sanders | 24/11/2008 | Torbay | Liberal Democrat | Seconded |
Paul Holmes | 24/11/2008 | Chesterfield | Liberal Democrat | Seconded |
David Heyes | 25/11/2008 | Ashton-under-Lyne | Labour | Seconded |
Lynne Jones | 25/11/2008 | Birmingham, Selly Oak | Labour | Seconded |
Andrew Stunell | 25/11/2008 | Hazel Grove | Liberal Democrat | Signed |
Download raw data as csv or xml.