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United Kingdom · Question · Written question

UIN 19983

Mortgages: Government Assistance

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

24 February 2020

Last action

27 February 2020 · Answer

Status

Answered

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Subjects

Discovery layer

Source updated

27 February 2020

Summary

To ask the Chancellor of the Exchequer, whether he has plans to support people that are unable to transfer from high interest rate mortgages to more affordable mortgages.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 24 February 2020

    Written question

    To ask the Chancellor of the Exchequer, whether he has plans to support people that are unable to transfer from high interest rate mortgages to more affordable mortgages.

    Source: Commons

  2. 27 February 2020

    Answer

    A mortgage prisoner is an existing borrower that cannot switch to a cheaper deal with a new lender because they don’t meet stricter borrowing criteria set by strengthened regulations post financial crisis. The Government is aware that these borrowers have...

    Source: Written answer

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