Written Question·Treasury·UIN 195347
Mortgages: Interest Rates
Tabled: 20 July 2023
Answered: 6 September 2023
Question
Andrew Rosindell
Reform UK — Romford
To ask the Chancellor of the Exchequer, what steps his Department is taking to help support homeowners who are unable to make mortgage payments following increases in interest rates in the last 12 months.
Answer
Andrew GriffithThe pricing of mortgages is a commercial decision for lenders in which the Government does not intervene. However, we recognise this is a concerning time for mortgage borrowers. On Friday 23 June the Chancellor met with the UK’s largest mortgage lenders, ...
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