A MEETING was organised in Parliament this week to discuss the plight of many hundreds of UK buyers who are facing legal action by banks in Cyprus and who are at risk of losing their homes.
It was attended by ten MPs or their representatives including Mark Lazarowicz, Paul Goggins, Simon Kirby, James Wharton, and representatives from the offices of Fiona Bruce, Bill Cash and Roberta Blackman-Woods. They were joined by a group around 25 people facing legal action by the banks in Cyprus.
In an interviews with The Northern Echo Durham City MP Roberta Blackman-Woods said: “The meeting was held to set up an all-party group with relevant MPs to try and pressurise the Cypriot government into looking at what’s happened to people who have got caught up in this scheme.
“The people who have come to me are extremely distressed because they haven’t got the house in Cyprus and their banks have issued writs against them.
“They are really, really worried.”
Stockton South MP James Wharton said: “We had a good discussion about what we can do.
“Obviously the role of MPs is limited when there’s a legal process on-going but we have agreed to set up an all-party group.”
Mr Wharton urged anyone affected to contact their local MP.
He added: “We want as many people as possible to engage with us so we can put pressure on the government of Cyprus and look to see what the Foreign Office can do.”
Hundreds of people who bought properties in Cyprus have been unable to keep up with rocketing payments on mortgages taken out in Swiss francs.
They are now being issued with writs by the banks which could ultimately mean they lose their UK homes.