Mortgages: Coronavirus

Treasury written question – answered on 16th September 2020.

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Photo of Thangam Debbonaire Thangam Debbonaire Shadow Secretary of State for Housing

To ask the Chancellor of the Exchequer, what estimate he has made of the number of owner-occupiers of residential properties who have deferred mortgage payments during the covid-19 outbreak who (a) have received payments through the (i) Coronavirus Job Retention Scheme and (ii) Self- Employed Income Support Scheme, (b) have not received payments through either of those schemes and are not claiming benefits, (c) have not received payments through either of those schemes and are not eligible for benefits and (d) are still in paid work.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The Government announced the availability of the 3-month payment holiday in March. Since then over 2 million mortgages have been granted a payment holiday. The Government does not hold data regarding the employment status of those borrowers that have taken a payment holiday.

So far, the Coronavirus Job Retention Scheme has helped 1.2 million employers across the UK furlough 9.6 million jobs, protecting people’s livelihoods (as at midnight 16 August 2020). The value of the scheme is £35.4bn.

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