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United Kingdom · Question · Written question

UIN 51819

Mortgages: Interest Rates

answeredUnited Kingdom· UK Parliament· EN

Introduced

20 September 2021

Last action

27 September 2021 · Answer

Status

Answered

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Subjects

Discovery layer

Source updated

27 September 2021

Official sourceShare

Summary

To ask the Chancellor of the Exchequer, what support he plans to provide to people who are trapped on high standard variable rates.

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

Timeline

  1. 20 September 2021

    Written question

    To ask the Chancellor of the Exchequer, what support he plans to provide to people who are trapped on high standard variable rates.

    Source: Commons

  2. 27 September 2021

    Answer

    Following the Financial Conduct Authority's (FCA) Mortgage Market Study, an industry voluntary agreement was enacted to help borrowers on reversion rates who are up to date with payments but don't meet the affordability criteria required to switch to a ne...

    Source: Written answer

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