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United Kingdom · Question · Written question

UIN 94802

Mortgages

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

23 November 2022

Last action

28 November 2022 · Answer

Status

Answered

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Subjects

Discovery layer

Source updated

28 November 2022

Summary

To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential impact on the economy of someone losing their home due to being able to afford the cost of mortgage payments.

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Timeline

  1. 23 November 2022

    Written question

    To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential impact on the economy of someone losing their home due to being able to afford the cost of mortgage payments.

    Source: Commons

  2. 28 November 2022

    Answer

    Arrears and repossession levels remain low: according to UK Finance data, 700 residential mortgaged properties were repossessed in Q3 2022, compared to 1,070 in Q1 2020 (pre-pandemic). The Government of course remains watchful of any emerging trends in th...

    Source: Written answer

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