Business of the House

Alan Brown Excerpts

Thursday 10th December 2020 Commons Chamber

[Mr Rees-Mogg]

The Government recognise that this is a challenging time for everyone in the country, and the coronavirus is having a significant effect on our communities, town centres and businesses. Now more than ever, it is vital that we continue to help our local economies by supporting town centres and high streets to recover, adapt and evolve. To support our high streets, we have also introduced reforms of use classes to enable the more flexible use of existing buildings. These came into force on 1 September. My hon. Friend may desire to speak—or, if he is not on the call list, to intervene—in the debate that is coming up after statements have been completed and Lords amendments dealt with.

[Alan Brown (Kilmarnock and Loudoun) (SNP)]

My caseworker’s husband, Alan, is a self-employed mortgage adviser, and applied for a mortgage holiday. Nationwide, their lender, confirmed that it would not affect their credit rating, yet when they went to move home and wanted to transfer the mortgage, the company would not allow it; it actually penalised them and confirmed that their credit rating had been affected. Alan had even made payments during the holiday period to eliminate the risk of this. Can we have a statement on what the Government are doing to ensure they keep their promise that credit ratings would not be affected by mortgage repayment holidays applied for during the pandemic?

[Mr Rees-Mogg]

That sounds like an appalling way to behave. The hon. Gentleman is right to come to this House and hold Nationwide to account for not treating his constituent fairly. He has now put it on the record. I will take it up with my ministerial colleagues, but the issue at hand is that people who took mortgage holidays were assured that their credit ratings would not be affected. When this is something that is said, it is something that ought also to be done.