Treasury Committee: Press Notice




Following its Report Mortgage Arrears and Access to Mortgage Finance published in August 2009, the Treasury Committee has decided to undertake a short follow-up inquiry which will focus on households affected by the recession and struggling with mortgage arrears and/or at risk of repossession. In particular, evidence is sought on:

• the number of homeowners in mortgage arrears, the number of homeowners who have had their properties repossessed, and forecasts for the trend in mortgage arrears and repossessions over the medium-term;

• changes in the treatment of homeowners in mortgage difficulties by lenders, including 2nd charge and specialist lenders;

• the package of measures outlined by the Financial Services Authority’s in its October 2009 Mortgage Market Review and subsequent January 2010 paper to improve arrears handling policies and practices by firms;

• the FSA’s regulatory approach in this area, including the effectiveness of its enforcement strategy;

• mortgage arrears charges levied by lenders on homeowners in arrears, including changes in practice by lenders in this area;

• the effectiveness of Government schemes to support homeowners in mortgage difficulties;

• the extent to which the current regulatory framework protects households in the private rented sector.

The deadline for submissions is 12 noon on Monday 1 March 2010. The Committee intends to hold oral evidence sessions later that month, but in the event that we are unable to hold these sessions, the evidence will be available for consideration by the Treasury Committee in the next Parliament.


Written evidence should be in Word or rich text format not PDF format-and sent by e-mail to The body of the e-mail must include a contact name, telephone number and postal address. The e-mail should also make clear who the submission is from. The deadline is 12 noon on Monday 1 March 2010. Submissions should be no longer than 3000 words. Submissions should be in the format of a self-contained memorandum. Paragraphs should be numbered for ease of reference, and the document must include an executive summary. Further guidance on the submission of evidence can be found at

Submissions should be original work, not previously published or circulated elsewhere. Once submitted, your submission becomes the property of the Committee and no public use should be made of it unless you have first obtained permission from the Clerk of the Committee. Please bear in mind that Committees are not able to investigate individual cases.

The Committee normally, though not always, chooses to publish the written evidence it receives, either by printing the evidence, publishing it on the internet or by making it publicly available through the Parliamentary Archives. If there is any information you believe to be sensitive you should highlight it and explain what harm you believe would result from its disclosure; the Committee will take this into account in deciding whether to publish or further disclose the evidence.

For data protection purposes, it would be helpful if individuals wishing to submit written evidence send their contact details in a covering letter. You should be aware that there may be circumstances in which the House of Commons will be required to communicate information to third parties on request, in order to comply with its obligations under the Freedom of Information Act 2000.