§ 27. Mr. Trimble
To ask the Secretary of State for the Environment if he will make a statement on the progress of the schemes to assist home owners threatened with repossession by banks and building societies.
§ Sir George Young
My right hon. and learned Friend the Secretary of State and my right hon. Friends the Chancellor of the Exchequer and the Secretaries of State for Social Security and for Wales and I met the Council of Mortgage Lenders on 2 June to review progress with mortgage rescue schemes.
We were encouraged to hear the lenders' estimate that measures taken since December will save some 55,000 repossessions this year.
Both mortgage lenders and the Government will continue to give priority to making rescue schemes work.