Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-09-10-Speech-2-208-875"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20130910.33.2-208-875"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spoken text |
"Mr President, I abstained on this report, because I am not fully convinced that the EU mortgage market needs to be harmonised. However, these proposals are not as bad as they could have been, thanks to the intervention of Conservative MEPs. At least we prevented a range of unintended consequences for the UK mortgage market. In the UK, buy-to-let mortgages make up 13% of the total lending. If the original proposals had gone through, the EU would have destroyed this market and, ultimately, pushed up rentals. Guarantor and shared equity mortgages have also given a reprieve.
At a time when it is difficult enough to get your feet on the property market, it should not be up to the EU to decide whether or not parents help their children with their mortgages. I am still convinced, however, that this directive will increase red tape for lenders, which will drive up the cost of owning or renting a home."@en1
|
| lpv:spokenAs | |
| lpv:unclassifiedMetadata | |
| lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples