Home Repossession (Protection) Bill
In progressCurrently at: 2nd reading in the Commons.
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Long title
A Bill to amend the Law of Property Act 1925 to require a mortgagee to obtain the court’s permission before exercising the power of sale, where the mortgaged land consists of or includes a dwelling-house; to make certain powers available to the court in actions by mortgagees for possession of a dwelling-house; and for connected purposes.
Summary
This Bill would amend the Law of Property Act 1925 to ensure that before a mortgagee (lender) can exercise their power of sale, the court must have first given its permission. The aim of the Bill is to give home-owners additional protection against repossession actions.
Progress through Parliament
- 1st reading· Commons
3 February 2009 – 3 February 2009
- 2nd reading· Commons
Source: UK Parliament Bills API. Bill ID: 441.