Treasury Committee opens mortgage inquiry

The inquiry will focus on households affected by the recession and people struggling with mortgage arrears and at risk of repossession, as well as the problems in accessing finance for first time buyers. Evidence is sought on issues including the current number of homeowners in mortgage arrears and forecasts for the medium term trend in arrears. The inquiry will also look at the impact of the credit crunch on access to mortgage finance and the terms on which such finance is offered for first time homebuyers. It will take evidence on the number and characteristics of homeowners who eithe...