Written Evidence Apr. 29 2024
Committee: Public Accounts CommitteeFound: individuals to buy a home with mortgages totalling over £375 billion, representing 23% of total mortgage
Mentions:
1: Justin Madders (Lab - Ellesmere Port and Neston) Against State Pension Inequality Campaign, the leasehold scandal, infected blood, the loan charge, mortgage - Speech Link
Apr. 23 2024
Source Page: I. Universal Credit guidance April 2024 [update of previous guidance, deposited Oct 2023, DEP2023-0791]. 204 docs. II. Letter dated 15/04/2023 from Jo Churchill MP to to the Deposited Papers Clerk regarding documents for deposit in the House libraries. Incl. file list at Annex 1. 9p.Found: includes: • their payments of Universal Credit will stop, including any payments to their landlord or mortgage
Mentions:
1: Lucy Powell (LAB - Manchester Central) West Norfolk (Elizabeth Truss), still unable to show any contrition for her actions directly costing mortgage - Speech Link
2: Diana Johnson (Lab - Kingston upon Hull North) It was a step forward yesterday that amendments were tabled to the Victims and Prisoners Bill in the - Speech Link
Mentions:
1: Richard Foord (LD - Tiverton and Honiton) In the last 24 hours, we have heard of a proposed Government amendment to the Victims and Prisoners Bill - Speech Link
2: Marion Fellows (SNP - Motherwell and Wishaw) constituents about 10 years to admit that he had been paying into his post office and had taken out another mortgage - Speech Link
3: Chris Stephens (SNP - Glasgow South West) Government have not built on the amendments that were passed in this place through the Victims and Prisoners - Speech Link
4: Nia Griffith (Lab - Llanelli) Government are yet again delaying the compensation scheme by trying to remove from the Victims and Prisoners - Speech Link
Mentions:
1: Keir Starmer (Lab - Holborn and St Pancras) Has the Prime Minister met anyone with a mortgage who agrees? - Speech Link
2: Sarah Olney (LD - Richmond Park) The Liberal Democrat amendment to the Victims and Prisoners Bill would give all victims the right to - Speech Link
Mentions:
1: Keir Starmer (Lab - Holborn and St Pancras) I also pay tribute to Mark Drakeford for his long, steady service in Wales.With violent prisoners released - Speech Link
2: Keir Starmer (Lab - Holborn and St Pancras) courage to stand up to his party, so let me help him out and say to them what he wishes he could say: the mortgage - Speech Link
Asked by: Chris Evans (Labour (Co-op) - Islwyn)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will announce a timeline for a decision on whether additional measures will be introduced to further support mortgage prisoners.
Answered by Bim Afolami - Economic Secretary (HM Treasury)
The Government understands that being unable to switch your mortgage can be extremely stressful. Alongside the Financial Conduct Authority and industry, we have shown we are willing to act through the introduction of a ‘modified affordability assessment’, which removes the regulatory barriers that prevented some customers, who otherwise may have been able to switch, from accessing new products. We are also regularly in contact with key stakeholders, including recently with the UK Mortgage Prisoners campaign group.
The Government remains committed to this issue and will continue to work with industry and wider stakeholders to determine if there are proposals that will meaningly benefit affected borrowers and be fair to other borrowers in the wider market.
Asked by: Seema Malhotra (Labour (Co-op) - Feltham and Heston)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent steps he has taken to support homeowners who are unable to switch to a cheaper mortgage deal.
Answered by Bim Afolami - Economic Secretary (HM Treasury)
The Government understands that being unable to switch your mortgage can be extremely stressful. Alongside the Financial Conduct Authority and industry, we have shown we are willing to act through the introduction of a ‘modified affordability assessment’, which removes the regulatory barriers that prevented some customers, who otherwise may have been able to switch, from accessing new products. We are also regularly in contact with key stakeholders, including recently with the UK Mortgage Prisoners campaign group.
The Government remains committed to this issue and will continue to work with industry and wider stakeholders to determine if there are proposals that will meaningly benefit affected borrowers and be fair to other borrowers in the wider market.
Found: Majesty’s Prison and Probation Service, including share of gross profits from sales and services; prisoners