A Bill to make provision for a new form of non-possessory security which may be created over goods owned by individuals; to repeal the Bills of Sales Acts 1878 and 1882; and for connected purposes
House of Lords
10 September 2019
May contain errors — check source documents for definitive information.
The Goods Mortgages Bill [HL] would create a new form of non-possessory security that people can use over goods they own, allowing loans to be secured without handing the goods to the lender. It also repeals the old Bills of Sale Acts from 1878 and 1882 and includes related provisions. The aim is to modernise how people borrow using their goods while replacing outdated rules.
Originating in the Lords, the bill is currently at the second reading stage in the Lords; the first reading took place on 29 November 2018.
Generated 21 February 2026
29 Nov 2018
First reading took place on 29 November. This stage is a formality that signals the start of the Bill's journey through the Lords.
The 2017-2019 session of Parliament has prorogued and this Bill will make no further progress.
No recorded votes for this bill yet.
