News about the Abbey : LUSENET : Repossession : One Thread

I am not sure if this has been on the site before but MP's are now raising matters in the commons.

See the details at

Hope this is of help

-- Matt (, November 20, 2000


I had a look at the Early Day Motion, its quite a way down the list, but for those interested it says:

"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."

-- pendle (, November 20, 2000.

Congratulations to Mike Hancock MP (Lib Dem, Portsmouth South) for tabling it. It's EDM 1102, 31st October.

If your MP didn't sign it, ask them why not!

-- Eleanor Scott (, November 20, 2000.

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