Baroness Morgan of Cotes
Main Page: Baroness Morgan of Cotes (Conservative - Life peer)Department Debates - View all Baroness Morgan of Cotes's debates with the HM Treasury
(5 years, 1 month ago)
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Elizabeth Truss
We are currently working on this with the Department of Health and Social Care.
Nicky Morgan (Loughborough) (Con)
The Treasury Committee will today publish the Economic Secretary’s letter to me of 30 January on the current solution to problems faced by mortgage prisoners. This solution requires the private sector to be receptive to providing new mortgages to mortgage prisoners currently trapped with inactive lenders. What update can Ministers provide on the promised Treasury officials’ work with those lenders?
The Economic Secretary to the Treasury (John Glen)
I can tell my right hon. Friend that I am in conversation with the Financial Conduct Authority about its move to a relative rather than an absolute test. I note that there are a range of views out there about how this problem can be dealt with. The FCA has said that it will come back later this spring with its response, and I am happy to meet my right hon. Friend to discuss her concerns further.