IRRV Alert - week ending 7th July 2023
News
Circulars
Consultations
Reports
Mortgage Charter (6 July 2023)
Policy paper
Mortgage Charter
This Charter sets out the standards lenders will adopt when helping their customers; signatories will provide borrowers with new flexibilities to manage their mortgage payments over a short period.
- From:
- HM Treasury
- Published
- 26 June 2023
- Last updated
- 10 July 2023 — See all updates
Get emails about this page
Documents
Mortgage Charter
Ref: ISBN 978-1-916693-08-1PDF, 232 KB, 13 pages
This file may not be suitable for users of assistive technology.
Request an accessible format.
Mortgage Charter
HTML
Details
The government recognises that this is a concerning time for mortgage holders, and particularly those coming to the end of a fixed rate deal. High inflation harms everyone right across the economy, and the only way we can keep costs and mortgage rates down is to tackle the root causes of inflation.
However, as we have consistently shown through the pandemic, and the consequences of the war in Ukraine, we will always be on the side of households. That is why lenders, including the nation’s largest, the Financial Conduct Authority, UK Finance, the government and others including the Building Societies’ Association have come together to provide borrowers with this Mortgage Charter to give borrowers the necessary reassurance and support through these difficult times.
Published 26 June 2023
Last updated 10 July 2023 + show all updates