United Kingdom · Question · Written question
UIN 59189
Mortgages: Interest Rates
Original
Introduced
10 October 2022
Last action
18 October 2022 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
18 October 2022
Summary
To ask the Chancellor of the Exchequer, what steps his Department is taking to help support people who are unable to switch to a new fixed rate mortgage, in the context of rising interest rates.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
10 October 2022
Written question
To ask the Chancellor of the Exchequer, what steps his Department is taking to help support people who are unable to switch to a new fixed rate mortgage, in the context of rising interest rates.
Source: Commons
18 October 2022
Answer
Around 75% of residential mortgage borrowers are on a fixed rate, and therefore shielded from rate rises in the near term. There remains a broad range of mortgage products on the market, and those looking to switch mortgages are encouraged to shop around ...
Source: Written answer
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- · Treasury · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2022-10-10/59189
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1519098
- uk · wq-1519098 · source updated 18 October 2022