Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether his Department has made a recent assessment of the potential impact of the Mortgage Charter on levels of (a) forbearance, (b) arrears and (c) repossessions.

The Government’s Mortgage Charter - in addition to the significant safeguards already in place - is providing support to vulnerable households, and mortgage arrears and repossessions remain low.

On 22 March the Financial Conduct Authority published data on the uptake of the Mortgage Charter since July 2023. (https://www.fca.org.uk/data/mortgage-charter-uptake).

More broadly, there is a wide variety of data and statistics about the mortgage market in the UK available from the Bank of England (https://www.bankofengland.co.uk/statistics), the Financial Conduct Authority (https://www.fca.org.uk/data) and UK Finance (https://www.ukfinance.org.uk/data-and-research/data).