Lib Dems call for help amid rising mortgages

Liberal Democrat Parliamentary candidate Gideon Amos has called for help for mortgage payers in Taunton and Wellington.

His plea came after the Chancellor Jeremy Hunt and Prime Minister Rishi Sunak refused to recompense people for mortgage rates which began soaring after the Conservatives’ mini budget in September.

Rates rises have been reported by the Resolution Foundation to be adding an average £2,900 per year to people’s mortgage bills, particularly hitting newer homeowners in their 30s and 40s.

Mr Amos said “The super rich like the Conservatives’ Prime Minister may think it’s acceptable to believe their policies have to hurt people to work in bringing down inflation - but it was him and his Conservatives’ MP in Taunton who backed the disastrous mini-budget which sent people’s mortgage rates soaring in the first place.

“As Lib Dems we’ve made clear we would ensure government delivered up to £300 per month - £3,600 per year - to help those affected by the massive increases in mortgage payments.

“Young people are already almost frozen out of the housing market and now, as the generation who have most at stake on buying a home, they’re being penalised once again by a government with little clue of how the cost of living actually hits ordinary people”.

The Lib Dems’ plan to help homeowners struggling to pay their mortgages in the wake of Liz Truss’s “disastrous budget” with grants of up to £300 a month from a mortgage protection fund was launched by Party Leader, Sir Ed Davey, in November.