Oral Answers to Questions

Debate between Joshua Reynolds and Emma Reynolds

Tuesday 20th May 2025 Commons Chamber

[Mr Joshua Reynolds (Maidenhead) (LD)]

T3. With interest rates still high, what assessment has the Chancellor made of the number of homeowners going into mortgage arrears and the impact that is having on families right across the UK?

[The Economic Secretary to the Treasury (Emma Reynolds)]

We are in weekly touch with the Financial Conduct Authority, which regulates mortgages, and under this Government we have seen four interest rate cuts since the election, which is bringing mortgage rates down for hard-working people across the country.