Chancellor Jeremy Hunt said he had made some “important” agreements with banks and lenders, following a meeting on Friday morning.
“There are two groups of people that we are particularly worried about. The first are people who are at real risk of losing their homes because they fall behind in their mortgage payments,” he told broadcasters.
“The second are people who are having to change their mortgage because their fixed rate comes to an end, and they’re worried about the impact on their family finances of higher mortgage rates.”