Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what plans he has to support non-bank mortgage lenders in offering mortgage holidays.

On 17 March the Chancellor announced the availability of a three-month mortgage holiday as part of an unprecedented package of support for individuals, businesses and the economy affected by Covid-19. This help was further extended on 2 June through the publication of FCA guidance. 1.8 million mortgage payment holidays have been granted to help consumers get back on their feet at this challenging time.

We are closely monitoring the impact of the current environment on all firms, including non-bank mortgage lenders and the non-bank lending sector more widely.