Written Question·Treasury·UIN 195552
Mortgages: Interest Rates
Tabled: 20 July 2023
Answered: 6 September 2023
Question
Stephanie Peacock
Labour — Barnsley South
To ask the Chancellor of the Exchequer, what support is available to homeowners who have accrued unmanageable debt due to increased mortgage interest rates.
Answer
Andrew GriffithThe pricing of mortgages is a commercial decision for lenders, including relevant credit unions, 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 ...
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