Written Question·Treasury·UIN 20444
Mortgages: Interest Rates
Tabled: 16 December 2024
Answered: 20 December 2024
Question
Alex Baker
Labour — Aldershot
To ask the Chancellor of the Exchequer, what assessment she has made of the impact of trends in the level of mortgage interest rates on the levels of household disposable income in (a) Aldershot constituency, (b) Hampshire and (c) England.
Answer
Tulip SiddiqAverage offered interest rates on 2-year and 5-year fixed rate mortgages have fallen from their peak in the Summer of 2023. The pricing and availability of mortgages is a commercial decision for lenders in which the Government does not intervene. Mortgage...
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