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Written question asked by Caroline Spelman (Conservative) on Friday, 17 April 2009, in the House of Commons. It was due for an answer on Tuesday, 21 April 2009. It was answered by Iain Wright (Labour) on Thursday, 23 April 2009 on behalf of the Department for Communities and Local Government.


Mortgages

Question
To ask the Secretary of State for Communities and Local Government what forecasts her Department has made of the number of households which will have negative equity in the next 12 months.
Answer

Communities and Local Government (CLG) do not make forecasts for the housing market and so have not made any forecasts of the number of households which will have negative equity in the next 12 months. However, CLG do closely monitor the housing market and take action to support both the market and homeowners where necessary.


Secondary information

Type
Written question
Reference
491 c888W; 270263
Session
2008-09
Subjects
Negative equity
Link
View this Written question on www.publications.parliament.uk