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Julian Sturdy - Strong Voice for York Outer

Julian Sturdy

Member of Parliament for York Outer

Latest News & Campaigns

Routine dental services to resume on 8th June, after Julian questions Health Secretary

Routine dental services to resume on 8th June, after Julian questions Health Secretary

Julian has welcomed the announcement that dental surgeries can re-open for routine care from 8th June, having tabled written parliamentary questions via the House of Commons to Matt Hancock on 21st May requesting clarification on the timeline and safety precautions for this. As part of the coronavirus response, ordinary dental care has been suspended since

Julian presses Minster FM purchaser on future of York local radio

Julian has today written to Dee Ford, the Group Managing Director of Bauer Media’s...

Minster FM announcement

I am saddened by the announcement that Minster FM is to be absorbed into...

York Press column – York’s route out of lockdown

As summer approaches, I know many residents will feel some frustration at the grinding...

Julian campaigns to raise awareness of Shared Appreciation Mortgage scandal

July 5, 2019

This week Julian has questioned Treasury Ministers in the House of Commons in a bid to raise awareness of an unjust equity release scheme that has impacted on thousands of families across the country, including a constituent in York.

Shared Appreciation Mortgages (SAMs) were marketed primarily to pensioners in the 1980s and 90s, with the banks offering an equity release loan in return for as much as 75% of the future increase in value of the borrower’s home. With house prices rocketing across the country since these deals were signed, families have been left facing debts that are completely out of proportion to the original loan (in some cases nine times as much).

Customers are seeking to challenge the banks on the basis that the implications were not adequately explained when the loans were taken out, yet the progress of these cases through the Financial Ombudsman Service remains frustratingly slow.

After speaking in the House of Commons, Julian said:

“I was keen to raise the case of my constituents in York who have been left unable to sell their home due to the liabilities against it from their Shared Appreciation Mortgage. This is an under publicised issue on which those involved have seen little or no progress over many years.

Whilst I thank the Minister for engaging with me on this issue, it is clear from his response that the Government believes this is a matter to be resolved on a case by case basis through the FOS and the courts. I will continue to apply political pressure on the banks to cooperate with consumers and allow their claims to be investigated in a timely manner.”