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Mortgages

Volume 476: debated on Tuesday 20 May 2008

14. To ask the Secretary of State for Communities and Local Government what recent discussions she has had with the mortgage industry on the cost of mortgages and likely trends in the number of repossessions. (206435)

The Chancellor of the Exchequer, the Chief Secretary to the Treasury and I met with the mortgage and lending industry on 22 April to discuss what the industry can do to support borrowers in difficulty during the current period of turbulence in global financial markets.

Appropriate meetings are happening and will be arranged, to continue the useful exchange of information and agree action to be taken.