Mortgages: Aldershot
The question
To ask the Chancellor of the Exchequer, what assessment she has made of trends in the level of households in arrears with mortgage payments in Aldershot constituency in the last (a) six and (b) 12 months.
Answered by Tulip Siddiq
The Government closely monitors levels of mortgage arrears, which remain low by historical standards. UK Finance has predicted mortgage arrears will fall in 2025.
There are significant measures in place to protect vulnerable mortgage borrowers. Financial Conduct Authority (FCA) rules require lenders to engage individually with their customers who are struggling or who are worried about their payments, and the Mortgage Charter also remains in place providing additional flexibilities to help customers manage their mortgage payments over a short period.
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