Stamp Duty (Temporary Provisions) Bill

Part of the debate – in the House of Commons at 11:35 pm on 20th January 1992.

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Photo of Alan Meale Alan Meale , Mansfield 11:35 pm, 20th January 1992

I am pleased that my hon. Friend has mentioned this problem, because in the past few months people have come to my surgery and told me that they can no longer keep up their mortgage repayments but the value of their properties would not be enough to cover the mortgage even if they were able to sell. Some have said that they offered their properties to anybody who would take up the mortgage repayments, thereby forgoing any investment in the properties. This has happened time and time again.