This House of Commons Library briefing paper outlines temporary measures to assist homeowners to manage their mortgage payments during the coronavirus (Covid-19) outbreak. It considers lenders’ obligations towards homeowners who are struggling with their mortgage payments, outlines possible sources of advice for mortgagors, and discusses the mortgage support schemes that were introduced in response to the 2008 financial crisis.
Documents to download
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Third Parties (Rights against Insurers) Bill [HL] [Bill No. 79 of 2009-10] (337 KB, PDF)
The purpose of the Bill is to amend existing legislation governing the relationship between insurers and claimants, with specific regard to 'third parties', to make it easier and less expensive to claim compensation from insolvent defendants. Current legislation dictates that claimants must establish an insolvent defendant's liability before bringing a separate claim against their insurer. The Bill would enable claimants to sue the insolvent defendant's insurer directly, without having to sue the wrongdoer first. The Bill's provisions are largely uncontroversial, and have widespread support from the majority of stakeholders.
Documents to download
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Third Parties (Rights against Insurers) Bill [HL] [Bill No. 79 of 2009-10] (337 KB, PDF)
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Household debt: Data on the latest household debt statistics, including net lending, mortgage interest rates and insolvencies.
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An overview of the Government initiatives to support businesses through the coronavirus pandemic.
