A Plaid Cymru Senedd Member has raised the issue of mortgage support with the First Minister.

Peredur Owen Griffiths also asked if there would be any assistance for renters who will also be bearing the brunt of the mortgage rises.

During First Minister’s Questions in the Senedd, Peredur said “many, many households are in a desperate situation.”

He added: “One of my constituents showed me his mortgage statement, which shows that, on 30 November this year, their current payment, which is £617.81, will rise to £932.96.

“If there are more interest rate rises in the meantime, that monthly payment might well increase again.

“They do not know where they will find that extra money.

“Meanwhile, Rishi Sunak is asking people to 'hold their nerve'. That's easy to say when you've got an estimated family wealth of £529 million.

“The mortgage rescue scheme is something that Plaid Cymru's Jocelyn Davies developed to great effect during the One Wales Government.

“As part of the suite of plans to protect home owners, will you consider a rent freeze in the private housing market to protect tenants who will also suffer unless action is taken?

“The SNP Government has passed legislation that has protected tenants. Tenants in Wales deserve the same security, First Minister.” 

In response, the First Minister rejected the idea of a rent freeze, describing it as a “blunt instrument.”

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