Communities and Local Government written question – answered at on 11 July 2011.
To ask the Secretary of State for Communities and Local Government what plans his Department has to minimise the number of repossessions of domestic homes during periods of slow economic growth.
The Government are helping homeowners in difficulty by tackling the record deficit to prevent a rapid increase in interest rates hitting struggling households.
The Government are committed to working closely with lenders, debt advice agencies and local authorities to ensure that repossession is only ever a last resort and that effective help and advice for homeowners at risk of repossession is available. The Government “Mortgage Help” website outlines the options available to households.
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