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1648459

registered interest
date	28/06/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mortgages
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps the Government is taking to support people with increases in mortgage costs, in the context of increases in the cost of living.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	191575
answer	answer is ministerial correction date of answer 04/07/2023 answer text <p>The pricing and availability of mortgages is a commercial decision for lenders in which the Government does not intervene.</p><p> </p><p>However, we recognise this will be a concerning time for all households with a mortgage. The Prime Minister has been clear, the best and most important way that we can keep costs and interest rates down for people is to halve inflation, and then return it to the 2% target.</p><p> </p><p>Following the commitments agreed to support borrowers in December, the Chancellor met with mortgage lenders, UK Finance and the Financial Conduct Authority on 23 June. At this meeting, lenders agreed to a new Mortgage Charter to support borrowers struggling with their mortgage payments, which was published on 26 June. This sets out the standards lenders will adopt when helping their customers, including new flexibilities to help customers manage their mortgage payments over a short period.</p><p> </p><p>This is in addition to the measures the Government has already taken aimed at helping people to avoid repossession, including Support for Mortgage Interest (SMI) loans, and protection in the courts through the Pre-Action Protocol.</p><p> </p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 04/07/2023 11:09:52 answering member 4874 label Biography information for Andrew Griffith
tabling member	4131 label Biography information for Jim Shannon

1623615

registered interest
date	25/04/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mortgages
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he has made an assessment of the impact of rises in the cost of living on the affordability of mortgage payments.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	182564
answer	answer is ministerial correction date of answer 02/05/2023 answer text <p>Mortgage arrears levels remain at historically low levels.</p><p> </p><p>Where mortgage holders do fall into 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><p> </p><p>More broadly, the Government has taken decisive action to support households across the UK through the cost-of-living challenges, whilst remaining fiscally responsible. Overall, the Government is providing support worth over £94 billion over 2022-23 and 2023-24 to help households and individuals with the rising cost of living – an average of over £3,300 per UK household. The Government is also maintaining the Energy Price Guarantee at £2,500 for an additional three months from April, saving households an additional £160, bringing total Government support for energy bills to £1,500 for a typical household since October 2022.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 02/05/2023 10:49:16 answering member 4874 label Biography information for Andrew Griffith
tabling member	4131 label Biography information for Jim Shannon

1180927

registered interest
date	26/02/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mortgages
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he has held discussions with representatives from the UK Mortgage Prisoners campaign group.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	21267
answer	answer is ministerial correction date of answer 05/03/2020 answer text <p>I met with members of the UK Mortgage Prisoners action group on 29 January 2020 to discuss the experiences of mortgage prisoners in the UK, and the action the Government and the FCA have taken to remove the regulatory barriers that previously prevented switching and Government support for borrowers in problem debt.</p><p> </p><p>Decisions concerning the pricing of loans, including the level of interest charged, remain commercial decisions for lenders, and the Government does not seek to intervene in these decisions.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 21268 question first answered 05/03/2020 09:38:36 answering member 4051 label Biography information for John Glen
tabling member	4131 label Biography information for Jim Shannon

420601

registered interest
date	12/10/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Mortgages
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what estimate he has made of the number of buy-to-let mortgages authorised in each of the last 10 years.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	11350
answer	answer is ministerial correction date of answer 20/10/2015 answer text <p>There have been 2 million buy-to-let mortgages taken out over the last 10 years. These figures are collected by the Council of Mortgage Lenders, on a quarterly basis and are publically available.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 20/10/2015 15:31:40 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	4131 label Biography information for Jim Shannon

225966

registered interest
date	09/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mortgages
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what information he holds on the number of mortgages for residential property agreed in each of the last three years.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	226849
answer	answer is ministerial correction date of answer 16/03/2015 answer text <p>The Government does not collect information on the number of mortgages for residential property agreed on an annual basis. The Bank of England and Council of Mortgage Lenders routinely collect and publish statistics about the mortgage market, which they make publicly available on their respective websites</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 16/03/2015 17:34:07 answering member 4117 label Biography information for Andrea Leadsom
tabling member	4131 label Biography information for Jim Shannon

58002

registered interest
date	04/06/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Mortgages
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many people having difficulty making mortgage repayments have requested help from the Financial Ombudsman Service in each of the last three years.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	199080
answer	answer is ministerial correction date of answer 11/06/2014 answer text <p>The Government does not collect data on the number of cases referred to the Financial Ombudsman Service (FOS). The FOS routinely collects and publishes statistics about the complaints referred to them, which they make publicly available on their website.</p><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 11/06/2014 15:22:00 answering member 4117 label Biography information for Andrea Leadsom
tabling member	4131 label Biography information for Jim Shannon