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Written question asked by Alex Baker (Labour) on Tuesday, 17 December 2024, in the House of Commons. It was due for an answer on Thursday, 19 December 2024. It was answered by Tulip Siddiq (Labour) on Friday, 20 December 2024 on behalf of the Treasury.


Mortgages: Aldershot

Question

To ask the Chancellor of the Exchequer, if her Department will make an estimate of the number of mortgage defaults in Aldershot constituency in each of the next twelve months.

Answer

The Government closely monitors levels of mortgage arrears, which remain low by historical standards. UK Finance has predicted mortgage arrears will fall in 2025.

There are significant measures in place to protect vulnerable mortgage borrowers. Financial Conduct Authority (FCA) rules require lenders to engage individually with their customers who are struggling or who are worried about their payments, and the Mortgage Charter also remains in place providing additional flexibilities to help customers manage their mortgage payments over a short period.


Secondary information

Type
Written question
Reference
20775
Session
2024-26
Grouped for answer
Yes
Subjects
Defaulters Mortgages Aldershot
Contains statistics
Yes
Link
View this Written question on www.parliament.uk