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Criticism of mortgage shortfall 'debt' recovery in Parliament: here's what happened and how to join in!

from Eleanor Scott (eleanor.scott@btinternet.com)
Mike Hancock CBE MP (Lib Dem) has tabled an Early Day Motion (EDM 1102) criticising lenders, especially Abbey National, over mortgage shortfall 'debt' recovery. The signatures supporting the EDM are coming in slowly but surely. Has your MP signed? Every signature will count.

The EDM states:

"That this House denounces the unacceptable tactics used by lenders, specifically Abbey National Bank, to try to force settlements on debts which they will not properly substantiate; notes that such tactics breach the Mortgage Code, while lenders are not being held to account; condemns mortgage shortfall debt recovery by lenders such as Abbey National Bank many years after repossession; and therefore calls upon the Government to take the necessary steps to ensure borrowers are given the protection they deserve from lenders intent on maximising their profits at any expense."

Please ask your MP to sign it. If you don't know who your MP is, use the House of Commons web site search engine - you type in your address and it tells you who your MP is. You can also email him/her from this facility. The web address is:

www.parliament.uk/commons/hsecom.htm

Click on FAQ's - 'Who is my MP?'

Congratulate and support Mike Hancock on:

www.parliament.uk/commons/lib/almsek.htm#h

or write to Mike Hancock MP at: House of Commons, London SW1 0AA.

See a report of the EDM and Abbey's reaction to it on Mrs Cohen's highly regarded financial web site: www.mrscohen.com/campaignsdebt/default.asp?section=5&vid=19248&fst=&page=1

This is an extremely important campaign and it needs all your help. Getting more MPs on our side could just tip the balance. We *can* win this fight!

Thanks, Eleanor.

(posted 8546 days ago)

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