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United Kingdom · Question · Written question

UIN 97645

Mortgages: Interest Rates

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

28 November 2022

Last action

30 November 2022 · Answer

Status

Answered

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Subjects

Discovery layer

Source updated

30 November 2022

Summary

To ask the Chancellor of the Exchequer, what steps he is taking to ensure the affordability of mortgages; and what steps he is taking to ensure that current mortgage holders are protected from losing their properties if they cannot afford their full repay

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Timeline

  1. 28 November 2022

    Written question

    To ask the Chancellor of the Exchequer, what steps he is taking to ensure the affordability of mortgages; and what steps he is taking to ensure that current mortgage holders are protected from losing their properties if they cannot afford their full repay

    Source: Commons

  2. 30 November 2022

    Answer

    Arrears and repossession levels remain low: according to the latest UK Finance data, 700 residential mortgaged properties were repossessed in Q3 2022. This was lower than the 1,070 in Q1 2020 (pre-pandemic). The Government of course remains watchful of an...

    Source: Written answer

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