Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent discussions he has had with mortgage providers on preventing the repossession of family homes of small business owners whose business has failed due to the covid-19 outbreak.

The Government has been working closely with mortgage lenders throughout this period in order to provide as much certainty as possible to homeowners. In March we announced the availability of a 3-month mortgage payment deferral to help those struggling with the financial impact of Covid-19. Alongside this, FCA guidance from 2 June provided homeowners with the option of a second 3-month deferral, as well as confirming the lender ban on repossessions until 31 October 2020 meaning no homeowner will face repossession through this uncertain time.