To ask the Chancellor of the Exchequer if he will direct those banks which have received funds from the public purse not to repossess any property in cases where the mortgage holder is unable to keep up payments where the property in question is the mortgage holder’s home and solely-owned property. (229840)

On 8 October this year, the Government announced a comprehensive package of measures to support stability of the financial system, protect ordinary savers, depositors, businesses and borrowers, and to safeguard the interests of the taxpayer.

As part of their investment, the Government have agreed with the banks supported by the recapitalisation scheme a range of commitments. Details are available at:

http://www.hm-treasury.gov.uk/press_105_08.htm