Jeremy Hunt rules out direct cash boosts to help with mortgage rates

He asked Mr Hunt: "Is now the time to look at reintroducing a bold Conservative idea of mortgage interest relief at source?

He said: "There is range of measures that include term extensions, a switch to interest-only payment holidays, and the FCA guidance is very clear that any repossessions - and they are currently running at a historic low - any repossessions should be an absolute last resort. He said: "Later this week I'll be meeting the principle mortgage lenders to see what help they can give to people struggling to pay the more expensive mortgages and what flexibilities might be possible for families in arrears."

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