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<p>HM Treasury is regularly in contact with mortgage lenders on all aspects of their
mortgage business to understand their position and current lending conditions, including
at a roundtable hosted by the Chancellor on this topic in December.</p><p> </p><p>Mortgage
arrears and repossessions remain below pre-pandemic levels. However, where mortgage
borrowers do fall in financial difficulty, Financial Conduct Authority guidance requires
firms to offer tailored support. This could include a range of measures depending
on individual circumstances.</p><p> </p><p>The Government has also taken a number
of measures aimed at helping people to avoid repossession, including Support for Mortgage
Interest (SMI) loans for those in receipt of an income-related benefit, and protection
in the courts through the Pre Action Protocol, which makes it clear that repossession
must always be the last resort for lenders.</p>
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