Mentions:
1: Baroness Fox of Buckley (Non-affiliated - Life peer) , can almost double some people’s mortgage, and this is even beyond increasing service charges. - Speech Link
2: None These Benches appreciate the broad support of noble Lords from across the Committee for a number of the - Speech Link
3: Baroness Scott of Bybrook (Con - Life peer) his continued interest in this very important issue for housing safety. - Speech Link
4: Baroness Fox of Buckley (Non-affiliated - Life peer) People who save hard for a deposit, and who budget and work hard to get a mortgage, see their new home - Speech Link
5: Lord Best (XB - Life peer) special support for leasehold housing designed and managed exclusively for older people. - Speech Link
Found: requirements , so that they can compete more effectively in the financial services sector and better support
Asked by: Beth Winter (Labour - Cynon Valley)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answer of 28 March 2024 to Question 20114 on Mortgages, whether he has made an assessment of the potential implications for his policies of the Financial Conduct Authority's report entitled, Mortgage Charter uptake data, published on 22 March 2024.
Answered by Bim Afolami - Economic Secretary (HM Treasury)
The path to lower interest rates is through low inflation, and the Government is fully committed to supporting the Bank of England get inflation back down to the 2% target, including by keeping borrowing under control.
While the pricing of mortgages is ultimately a commercial decision for lenders in which the Government does not intervene, our plan is working, and the average offered mortgage rates on 2-year and 5-year fixed rates are lower compared to their peak in Summer 2023.
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.
Asked by: Beth Winter (Labour - Cynon Valley)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether he has made an assessment of the impact of interest rate rises on the affordability of mortgages for low-income mortgage holders.
Answered by Bim Afolami - Economic Secretary (HM Treasury)
The path to lower interest rates is through low inflation, and the Government is fully committed to supporting the Bank of England get inflation back down to the 2% target, including by keeping borrowing under control.
While the pricing of mortgages is ultimately a commercial decision for lenders in which the Government does not intervene, our plan is working, and the average offered mortgage rates on 2-year and 5-year fixed rates are lower compared to their peak in Summer 2023.
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.
Apr. 26 2024
Source Page: Attorney General’s Code of Practice issued under Section 377A of the Proceeds of Crime Act 2002Found: the purposes of which the warrant is sought, (b) it is in the public interest for the material to
Apr. 26 2024
Source Page: Investigations: code of practice issued under section 377Found: the purposes of which the order is sought; and • it is in the public interest for the material
Correspondence Apr. 26 2024
Committee: Liaison Committee (Lords)Found: other public sector bodies, includin g local authorities, must be given 40 working days to express interest
Apr. 25 2024
Source Page: Student finance application forms and notes for new 2024 to 2025 full-time tuition fee only studentsFound: Student finance application forms and notes for new 2024 to 2025 full-time tuition fee only students
Mentions:
1: Lord Whitty (Lab - Life peer) Mortgage holders, aspiring mortgage holders and private renters are now struggling. - Speech Link
2: Baroness Smith of Llanfaes (PC - Life peer) Finally, I thank my family and friends for the love and support that they have given me. - Speech Link
3: Lord Taylor of Goss Moor (LD - Life peer) It is an immense interest of mine. - Speech Link
4: Baroness Taylor of Stevenage (Lab - Life peer) There will be first dibs for first-time buyers, and support for younger people by giving them the first - Speech Link
5: Baroness Swinburne (Con - Life peer) to a new concessionary Public Works Loan Board interest rate for council house building from June this - Speech Link
Found: HL Bill 50-III Third marshalled list for Committee