Tag Archives: mortgages

1 June 2024 – today’s press releases

  • 100,000 households face mortgage rate hike by polling day as Conservatives face ‘blue wall reckoning’
  • Conservative community care annoucement papering over NHS cracks
  • Pride Month: Welsh Liberal Democrats pledge to keep fighting for a more inclusive society
  • Welsh Lib Dems call for more trains on Heart of Wales line
  • Cole-Hamilton: Liberal Democrats will deliver a fair deal for local communities

100,000 households face mortgage rate hike by polling day as Conservatives face ‘blue wall reckoning’

  • A typical mortgage holder will see their payments rise by £240 a month
  • Over 3,300 households a day set to see their mortgages rise between now and polling day on 4th July
  • Liberal Democrats warn that Rishi Sunak faces a “blue wall reckoning” with mortgage holders in key battleground seats among the hardest hit

100,000 households will face a mortgage increase between now and polling day on 4th July, House of Commons Library research commissioned by the Liberal Democrats has found.

This amounts to an average of 3,333 households a day being hit with higher mortgage rates. It comes as the Bank of England maintained interest rates at 5.25% earlier this month. A typical mortgage holder will see their payments rise by £240 a month.

The Lib Dem-commissioned analysis by the House of Commons Library, based on data from the Financial Conduct Authority, found that households will face an increase to their mortgages ahead of General Election polling day on 4th July.

The Lib Dems said Rishi Sunak’s claim that his economic plan is working shows he is living in a “parallel universe,” at a time when families are saddled with hundreds of pounds a month more on their mortgage.

The party said the Prime Minister is set for a “blue wall reckoning” with the data showing Liberal Democrat – Conservative battlegrounds such as Taunton Deane, Tewkesbury and Steve Barclay’s seat of North East Cambridgeshire among the worst affected.

In total, households coming off fixed rate mortgages ahead of polling day will pay an additional £290 million in mortgage costs over the next year.

Liberal Democrat Treasury Spokesperson, Sarah Olney said:

This Conservative government crashed the economy and now they are condemning hard-working households to a mortgage nightmare.

Rishi Sunak’s claim that the government’s plan is working shows he is living in a parallel universe, as every day thousands of families are seeing their mortgage go up by eye-watering amounts.

The Prime Minister is set for a blue wall reckoning in key battleground seats where fed up voters are ready to say enough is enough with this out-of-touch Conservative Government on 4th July.

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16 May 2024 – today’s press releases

  • Mortgage repossession claims reach five-year high as families risk losing their homes to Conservative chaos
  • Carer’s Allowance report: Government cannot bury its head in the sand
  • Scottish Liberal Democrat conference to call on Swinney to ditch SNP’s takeover of social care
  • Welsh Lib Dems call for foster carer salary
  • Cole-Hamilton urges First Minister to tackle rural healthcare crisis

Mortgage repossession claims reach five-year high as families risk losing their homes to Conservative chaos

Mortgage possession claims have reached their highest level since 2019 as soaring mortgage rates since the mini budget hit homeowners, figures published by the Ministry of Justice today have revealed.

Mortgage possession claims occur when banks or lenders take homeowners to court before repossessing their home. The latest figures show there were 5,182 mortgage repossession claims in the first quarter of 2024, the highest number since 2019.

Commenting, Liberal Democrat Treasury Spokesperson Sarah Olney MP said:

These deeply worrying figures show a steep rise in families at risk of losing their homes due to soaring mortgage rates.

This Conservative government crashed the economy with their disastrous mini budget and sent mortgage rates spiralling. But now Rishi Sunak and Jeremy Hunt have failed to lift a finger to help those impacted by this Conservative chaos.

It is unforgivable and shows just how out of touch the Conservative Party is with people struggling to get by.

Carer’s Allowance report: Government cannot bury its head in the sand

Responding to a Government report on the experiences of those claiming and receiving Carer’s Allowance which said that there was ‘room for improvement’ in preventing overpayments, Liberal Democrat Leader Ed Davey said:

Thousands of carers are caught up in the overpayment scandal, and we’ve heard many heart-breaking stories about the fear and distress it is causing.

The Government cannot bury its head in the sand and pretend this is a minor issue. It is an outrageous national scandal and Ministers must act now: writing off old overpayments and reforming their flawed and failing system.

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15 May 2024 – today’s press releases

  • Windermere illegal sewage dumps: A complete scandal that can’t go on
  • PMQs: Armed forces homes only to be repaired in emergencies as PM refuses to stump up extra cash
  • Sewage vote: Conservative MPs vote against law that would have sent water companies to court
  • 80,000 Scottish households face mortgage rate hike by November
  • Accounts Commission report shows councils have faced a scythe to their funds
  • “Deliver a payment scheme that farmers can have faith in” – Welsh Lib Dems call for Welsh Gov to listen to farmers over SFS reforms

Windermere illegal sewage dumps: A complete scandal that can’t go on

Responding to the news that untreated sewage was illegally pumped into Lake Windermere, Liberal Democrat Environment Spokesperson Tim Farron MP said:

This is a scandal. We can’t let them get away with this any longer.

The public are rightly furious that their favourite local rivers and lakes are being spoiled while water company bosses accept huge bonuses.

I hope Parliament accept my amendment today which could see water company bosses prosecuted for sewage pollution.

Rishi Sunak and his government must finally take tough action to tackle sewage dumping now instead of cosying up with the big water company bosses.

PMQs: Armed forces homes only to be repaired in emergencies as PM refuses to stump up extra cash

The Prime Minister today refused to commit extra cash for repairs for armed forces families homes despite the Head of Accommodation for the Defence Infrastructure Organisation revealing that military families could only expect repairs to their home in emergencies.

The lack of money for repairs was revealed by the Defence Infrastructure Organisation’s new Head of Accommodation in her first update to military families this month.

Air Commodore Leah Griffin assured families that she was working to challenge the budget settlement but said non-urgent repairs and home improvements were “not currently affordable”.

Air Commodore Griffin also said that she was having to “make the case for investing in Service family housing” due to finances in the DIO that are “more challenging than ever”.

It comes as serving personnel and their families are having important requests for home repairs and upgrades denied as a lack of funding means only emergency work is being approved.

This is despite long-running problems that have seen many families forced to live in damp, cold and mouldy accommodation and troops put up in shipping style containers at Tern Hill Barracks.

Lib Dem MP Helen Morgan challenged Rishi Sunak over his commitment to the armed forces today at PMQs after this shocking admission. In response, the Prime Minister refused to commit to any additional funding to address this situation.

The North Shropshire MP has had constituents report to her that their military housing has experienced horror stories ranging from exploding boilers to collapsing roofs. In one case, a constituent recently required alterations to their shower to access it after major surgery but was told this was not possible due to the lack of budget for housing repairs. The problem was only fixed when Helen became involved.

The news undermines the Prime Minister’s claims to be prioritising defence and the Government’s recent commitment to bringing all military accommodation up to the Decent Homes Standard – a pledge that came in response to a proposed law change from Helen Morgan who has been a long-time campaigner on this issue.

In response to the Prime Minister’s answer, Liberal Democrat MP for North Shropshire Helen Morgan MP said:

Rishi Sunak talks a big game about defence but he isn’t even prepared to guarantee service families decent quality homes to live in.

Military morale is lower than ever because those who serve our country have been subject to years of neglect by this Conservative government.

Service people put their lives on the line to keep us and our allies safe. The least they should get in return is a clean, warm and safe home.

Our armed forces deserve a Government that takes their needs seriously and backs up its words with real actions.

That means upgrading military housing and removing repair contracts from companies that don’t do their job.

We used to talk about building homes fit for heroes – and that’s the very least we can deliver.

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21 March 2024 – today’s press releases

  • Interest rates: Families are still facing a mortgage cliff edge
  • Khan ‘failing’ on Met Police reform – Lib Dems slam mayor’s record on first anniversary of Casey report
  • Cole-Hamilton challenges Yousaf on SNP Government’s climate record
  • Rennie responds to poverty statistics
  • Water Industry Commission for Scotland branded an embarrassment

Interest rates: Families are still facing a mortgage cliff edge

Responding to the Bank of England’s decision to keep interest rates at 5.25%, Liberal Democrat Treasury spokesperson Sarah Olney MP said:

This is cold comfort for millions of homeowners who still face massive hikes in their mortgage bills after Liz Truss crashed the economy. Many families still face a mortgage cliff edge despite this news.

Liz Truss’s disastrous mini-budget and the Conservative party’s economic vandalism has put intolerable pressure on people’s finances.

This Conservative government has no good story to tell on the economy.

The only way to break this cycle of stagnation and financial hardship is to kick this out of touch government out of office. Rishi Sunak needs to stop his desperate attempt to cling on to power and call an election.

Khan ‘failing’ on Met Police reform – Lib Dems slam mayor’s record on first anniversary of Casey report

A year on from the publication of Baroness Casey’s damning report on the Met police, London Mayor Sadiq Khan has made “no or only slow progress on key issues”, according to analysis by the Lib Dems.

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Rishi Sunak is as tin-eared as Thatcher

I am absolutely livid this morning. I watched in disbelief as Rishi Sunak, without so much as the tiniest bit of empathy, said we all have to “hold our nerve” as interest rates rise higher than they have been in decades.

That is not going to go down well with the millions of homeowners who face having to find an average of £2900 more a year if they are unfortunate enough to have to remortgage in he next year as their fixed terms come to an end. This is on top of the double whammy of high inflation and energy prices.

A Prime Minister who does not have to worry about money telling people that he’s going to make unpopular decisions for their own good is never going to go down well, but he could at least have tried to do something to show that he was on their side.

I don’t think I have ever heard anything so tin-eared from a Prime Minister since Thatcher refused to listen to reason over the poll tax back in the early 90s and that did not end well for her.

Let’s be clear, people are at risk of losing their homes if they can’t keep up their mortgage payments, whether they are forced to sell or whether their home is repossessed. I lived through that in the 90s where every day I saw people having their homes repossessed. And sometimes it was the tenants, finding out at the last minute that bailiffs were coming to evict them, who would turn up in shock, seeking support and a way out of this horrible situation.

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28 March 2023 – today’s press releases (Welsh Edition)

  • Welsh Liberal Democrats Launch Plan to Save NHS Dentistry in Wales
  • Interest Rate Rise Signals More Pain for Homeowners in Powys

Welsh Liberal Democrats Launch Plan to Save NHS Dentistry in Wales

The Welsh Liberal Democrats have launched their plans to save NHS dentistry in Wales, warning that unless the Welsh Labour Government takes action now NHS dentistry risks going extinct.

The Party have accused Labour Ministers in Cardiff Bay of utterly failing to get to grips with the problem, allowing an appalling two-tier system of dentistry in Wales to flourish whereby if you can afford it you go private, but those who can’t are left waiting in agony for months and sometimes years.

Talking to her party Welsh Liberal Democrat Leader Jane Dodds outlined that using her influence to fix NHS dentistry is one of her top priorities in the Senedd.

A previous FOI by the Welsh Liberal Democrats showed that over 800 children in Powys were waiting for an NHS dentist while in Cardiff the waiting list for children and adults is over 15,000 people. Other health boards do not operate centralised waiting lists which the Liberal Democrats state is a problem in itself.

Among the proposed actions laid out in the report, which was produced with industry professionals include:

  • Resolving outstanding contract issues as a priority
  • Integrating primary dental care more closely with other NHS primary care, especially to ensure that services are available in remote and rural areas
  • Increasing per-capita spending from the current £47 to match the levels of Scotland (£55) and Northern Ireland (£57)
  • Setting targets for Health Boards in terms of numbers of, and waiting times for, appointments, empowering them to use salaried staff to achieve those targets as well as entering into agreements with private sector providers
  • Setting up set up a national waiting list system to ensure that the process of getting an appointment is more efficient, and that fewer appointments are lost
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9 February 2023 – today’s press releases

Unusually, there don’t appear to have been any yesterday, but the Liberal Democrat press team were back in action today. And so, without further ado…

  • Home repossessions rise after Liz Truss budget
  • A&E Stats: Patients are paying the price for Conservative mismanagement
  • Rishi Sunak playing ‘a reckless game’ with CO2 emissions as two more private flights confirmed

Home repossessions rise after Liz Truss budget

  • Mortgage repossessions by court bailiffs double as more people lose their homes in the cost of living crisis
  • Liberal Democrats call for Spring Budget to include help for families at risk of losing their homes

New figures out this morning from the Ministry of Justice show that mortgage claims, orders, warrants and repossessions have all increased in the three months to December 2022, following the Liz Truss mini-budget

Compared to the same quarter in 2021, mortgage possession claims are up 23%. Mortgage orders for possession are up 50%, warrants up 88% and repossessions by county court bailiffs have doubled, up 134%.

Today’s figures are the first since the disastrous Liz Truss mini-budget, which sent interest rates to their highest levels since the 2008 financial crisis.

The Liberal Democrats are calling on the Government to include a fund in the Spring Budget to ensure homeowners do not lose their homes as a result of rising mortgage bills.

Liberal Democrat Treasury spokesperson Sarah Olney said:

The consequences of the mortgage ticking bomb set-off by Liz Truss are being felt hard by homeowners. It is shocking that Liz Truss has still refused to apologise for her economic vandalism which has crippled people with mortgage misery

People’s homes are on the line and still the Government refuses to act. Botched budgets and a complete failure to control inflation has led to this point.

Ministers must act now before any more families face the heartbreak of losing their homes.

The capital and South East have been hit hardest by the mortgage timebomb with bills rising by hundreds of pounds a month, yet still the Government refuses to act. Rishi Sunak is nowhere to be found on this. It is time he stepped in and introduced an emergency mortgage protection fund to stop people losing their homes.

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