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UK Parliament · Public Bill · No. 2321

Goods Mortgages Bill [HL]

[As Introduced]
A
BILL
to

This bill creates a new legal system called 'goods mortgages' that allows businesses and individuals to use their movable property (like machinery, vehicles, or equipment) as security when borrowing money from banks or lenders. It's similar to how people currently use houses as security for mortgages, but instead applies to goods that can be moved around.

Presented by Lord Stevenson of Balmacara.
PrivateLords
Official Ballot · opengovt

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The people's count226 votes
54% Aye · 12246% No · 104
MPs' voteNot yet divided
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Bill passage

Lords

  • 1st reading29 Nov 2018
  • 2nd reading