Financial Services Bill — New Clause 10 — Mortgage Rate Forewarning — 23 Apr 2012 at 21:45
The majority of MPs voted against requiring mortgage lenders to warn their customers about potential interest rate changes and their impact on mortgage repayments.
MPs were considering the Financial Services Bill. The proposed new clause rejected in this vote was:
- The Treasury shall bring forward recommendations within six months of Royal Assent of this Act requiring mortgage lenders to forewarn existing customers about potential interest rate changes and their impact on the affordability of mortgage repayments.’
Votes by party, red entries are votes against the majority for that party.
What are Boths? An MP can vote both aye and no in the same division. The boths page explains this.
What is Turnout? This is measured against the total membership of the party at the time of the vote.
|Party||Majority (No)||Minority (Aye)||Both||Turnout|
|Con||243 (+1 tell)||0||0||79.7%|
|Lab||0||204 (+2 tell)||0||80.2%|
|LDem||45 (+1 tell)||0||0||80.7%|