A Bill to require that mortgage interest rates paid by homeowners change by at least the same percentage as mortgage interest base rates; and for connected purposes
House of Commons
18 April 2013
This bill would require mortgage lenders to pass through changes in the base rate to homeowners’ mortgage payments by at least the same percentage. In practice, if the Bank of England base rate moves, a homeowner’s interest charges would have to move by at least that amount, subject to related provisions described as “connected purposes.”
The bill is at the second reading in the House of Commons. If it progresses, it would move to committee stage for detailed examination, followed by further readings and potential passage to the Lords.
Generated 21 February 2026
The Bill had its first reading on 25 June 2012. The second reading was expected on 1 February 2013 but was withdrawn.
If you require any further information about the Bill then please contact the sponsor Thomas Docherty.
No recorded votes for this bill yet.
