Written question asked by Lord Browne of Belmont (Democratic Unionist Party) on Thursday, 5 November 2015, in the House of Lords. It was due for an answer on Thursday, 19 November 2015. It was answered by Lord O'Neill of Gatley (Conservative) on Wednesday, 18 November 2015 on behalf of the Treasury.
Negative Equity
- Question
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To ask Her Majesty’s Government what action they are taking to help home owners in negative equity.
- Answer
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If homeowners are in negative equity, or worried about meeting payments in the future, it is vital to make early contact with their lender.
There are a number of organisations available that provide free, impartial advice on money and debt management, including the Money Advice Service, which Government has set up to promote understanding of Financial Systems.
The Government is working to mitigate the impact of Compulsory Purchase Order (CPO) activity on those in negative equity and following consultation government released a response document on the 29th October, which is available on the gov.uk website.
Secondary information
- Type
- Written question
- Reference
- HL3347
- Session
- 2015-16
- Subjects
- Negative equity
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2016-07-05 18:39:09 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2015-16/HL3347
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/lords/2015-16/HL3347
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2015-16/HL3347