United Kingdom · Question · Written question
UIN 98891
Mortgages: Interest Rates
Introduced
29 November 2022
Last action
2 December 2022 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
2 December 2022
Summary
To ask the Chancellor of the Exchequer, what financial support his Department has provided to homeowners affected by rising mortgage interest rates in (a) the UK, (b) the North East and (c) Newcastle upon Tyne Central constituency.
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Timeline
29 November 2022
Written question
To ask the Chancellor of the Exchequer, what financial support his Department has provided to homeowners affected by rising mortgage interest rates in (a) the UK, (b) the North East and (c) Newcastle upon Tyne Central constituency.
Source: Commons
2 December 2022
Answer
Around 75% of residential mortgage borrowers are on fixed-rate deals and therefore shielded from interest rate rises in the near term. If mortgage borrowers do fall into financial difficulty, FCA guidance requires firms to provide support through tailored...
Source: Written answer
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- · Treasury · Answering body
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://questions-statements.parliament.uk/written-questions/detail/2022-11-29/98891
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1546623
- uk · wq-1546623 · source updated 2 December 2022