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Mortgage prisoners frustrated as MPs shun law change

Mortgage prisoners are trapped in loans they took out pre-financial crisis MPs voted against an amendment to the Financial Services Bill which would have slashed interest rates and cut payments by up to £800 per month Campaign group says MPs don t understand their situation and calls for government-backed loans like those being offered to first-time buyers Treasury says it needs to collect more data on mortgage prisoners before it can come up with a solution, and will review current policies

United kingdomCity ofHarcus parkerRachel nealePeter bottomleyJohn glenRoyston smithSam patelClaire johnsonNorthern rockUnited kingdom mortgage prisoners action groupFinancial conduct authorityFinancial servicesUnited kingdom mortgage prisoner action groupFinancial services billStandard variable

MPs vote against SVR cap for mortgage prisoners

27 th April 2021 9:46 am MPs in the House of Commons have voted against an amendment to the Financial Services Bill which sought to bring in a cap on standard variable rates for mortgage prisoners. The amendment, which was passed in the House of Lords 12 days ago, would have allowed the government to set a maximum SVR for borrowers who were stuck with inactive or unregulated lenders. But despite many MPs speaking out in favour an SVR cap in Parliament yesterday evening, the majority voted to “disagree with Lords amendment 8”. A total of 355 Conservative MPs followed the whip and voted to scrap the amendment, while 195 Labour MPs and voted to keep the amendment along with 72 MPs from other parties.

Peter bottomleyMartin lewisRoyston smithFinancial servicesFinancial services billSir peter bottomleyபீட்டர் பாட்டம்லிமார்டின் லெவிஸ்ராய்ஸ்டன் ஸ்மித்நிதி சேவைகள்நிதி சேவைகள் ர சி துஐயா பீட்டர் பாட்டம்லி

Major Tory rebellion fails in bid to offer further protection to leaseholders

Boris Johnson suffered a major Commons rebellion as Conservative MPs urged him to compromise over who foots the bill for key fire safety improvements post-Grenfell. A total of 31 Tories rebelled in a bid to support a change to the Fire Safety Bill aimed at protecting leaseholders and tenants from multi-billion-pound costs. The House of Lords had amended the Bill to prevent remedial costs for work, such as the removal of unsafe cladding from blocks of flats, being passed on to residents until a statutory support scheme is in place. But the Government reversed this change in the House of Commons, with MPs rejecting the Lords amendment by 320 to 256, majority 64.

Royston smithDamian greenIain duncan smithEsther mcveyBoris johnsonBob neillStephen mcpartland stevenageChristopher pincherFire safety billSir iain duncan smithSir bob neillStephen mcpartlandSouthampton itchenBuilding safetyராய்ஸ்டன் ஸ்மித்டாமியன் பச்சை

MPs have a chance to fix the cladding crisis

MPs have a chance to fix the cladding crisis
spectator.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from spectator.co.uk Daily Mail and Mail on Sunday newspapers.

United kingdomCity ofStephen mcpartlandRoyston smithConservatives in parliamentGrenfell towerஒன்றுபட்டது கிஂக்டம்நகரம் ஆஃப்ஸ்டீபன் மக்பார்ட்‌ல்யாஂட்ராய்ஸ்டன் ஸ்மித்பழமைவாதிகள் இல் பாராளுமன்றம்கிரென்ஃபெல் கோபுரம்

Major Tory rebellion fails in bid to offer further protection to leaseholders

Major Tory rebellion fails in bid to offer further protection to leaseholders
bromsgroveadvertiser.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bromsgroveadvertiser.co.uk Daily Mail and Mail on Sunday newspapers.

Royston smithDamian greenIain duncan smithEsther mcveyBoris johnsonBob neillStephen mcpartland stevenageChristopher pincherFire safety billSir iain duncan smithSir bob neillStephen mcpartlandSouthampton itchenBuilding safetyராய்ஸ்டன் ஸ்மித்டாமியன் பச்சை