Question

Wales Office written question – answered at on 5 July 2023.

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Photo of Kevin Brennan Kevin Brennan Labour, Cardiff West

To ask the Secretary of State for Wales, what recent discussions he has had with Cabinet colleagues on the potential impact of increases in mortgage interest rates on rental costs in Wales.

Photo of James Davies James Davies The Parliamentary Under-Secretary of State for Wales

The Secretary of State for Wales and I engage with colleagues across government on a range of issues.

We recognise this is a concerning time for renters and those with mortgages. Whilst mortgage interest rates are a commercial decision for lenders, we expect lenders to treat all borrowers fairly. Buy-to-let borrowers facing financial difficulties should contact their lender to discuss the options available to them.

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