Rented Housing: Wales

(asked on 27th June 2023) - View Source

Question to the Wales Office:

To ask the Secretary of State for Wales, what recent discussions he has had with Cabinet colleagues on the potential impact of increases in mortgage interest rates on rental costs in Wales.


Answered by
James Davies Portrait
James Davies
This question was answered on 5th July 2023

The Secretary of State for Wales and I engage with colleagues across government on a range of issues.

We recognise this is a concerning time for renters and those with mortgages. Whilst mortgage interest rates are a commercial decision for lenders, we expect lenders to treat all borrowers fairly. Buy-to-let borrowers facing financial difficulties should contact their lender to discuss the options available to them.

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