Lord Browne of Belmont – 2015 Parliamentary Question to the HM Treasury
The below Parliamentary question was asked by Lord Browne of Belmont on 2015-11-05.
To ask Her Majesty’s Government what action they are taking to help home owners in negative equity.
Lord O’Neill of Gatley
If homeowners are in negative equity, or worried about meeting payments in the future, it is vital to make early contact with their lender.
There are a number of organisations available that provide free, impartial advice on money and debt management, including the Money Advice Service, which Government has set up to promote understanding of Financial Systems.
The Government is working to mitigate the impact of Compulsory Purchase Order (CPO) activity on those in negative equity and following consultation government released a response document on the 29th October, which is available on the gov.uk website.
