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Sharp rise in mortgage arrears should “ring alarm bells in Downing Street”
There has been an 18% rise in homeowners in mortgage arrears over the past year, the latest UK Finance figures have revealed.
The data shows there were 87,930 homeowners in mortgage arrears worth at least 2.5% of their outstanding loan in the third quarter of 2023, up from 74,420 in the same period last year.
The Liberal Democrats said the figures show families are facing “mortgage misery” and reiterated their calls for a Mortgage Protection Fund, with targeted support to prevent people losing their home, funded through scrapping tax cuts for the banks.
Liberal Democrat Treasury Spokesperson Sarah Olney MP said:
This sharp rise in mortgage arrears should be ringing alarm bells in Downing Street.
The Conservative Party crashed the economy and is now forcing ordinary families to pick up the tab.
Homeowners facing mortgage misery should be offered a rescue scheme, with targeted support to protect those most at risk of losing their home. It is the least this government could do after the economic damage they have caused.
NHS waiting lists: Sunak’s pledge lies in tatters
NHS waiting lists have reached a new record high of 7.8 million. It means that the waiting lists have grown every month since Rishi Sunak made his pledge in January that they would fall.
Liberal Democrat Health and Social Care spokesperson, Daisy Cooper MP said: