Written Question
Thursday 4th June 2020
Asked by:
Tracey Crouch (Conservative - Chatham and Aylesford)
Question
to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the effect of the modified affordability assessment on the number of mortgage prisoners unable to access new mortgage products.
Answered by John Glen
The Government remains committed to supporting these borrowers, which is why the Government and the FCA have taken action to remove the regulatory barriers that previously prevented switching.
Lenders are currently making the necessary adjustments and system changes to enable them to use the modified affordability assessment for borrowers looking to re-mortgage. We expect lenders to start offering these borrowers products using the new rules soon.
I have written to Stephen Jones, Chief Executive Officer of UK Finance outlining my expectation that as many of its members as possible should move quickly to offer new deals to borrowers that are eligible to switch under the new FCA rules. You can read the letter here:
https://www.gov.uk/government/publications/a-letter-from-john-glen-to-stephen-jones-on-mortgage-prisoners.
Written Question
Thursday 4th June 2020
Asked by:
Tracey Crouch (Conservative - Chatham and Aylesford)
Question
to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent discussions he has had with UK Finance on its members using the modified affordability assessment for mortgage prisoners.
Answered by John Glen
The Government remains committed to supporting these borrowers, which is why the Government and the FCA have taken action to remove the regulatory barriers that previously prevented switching.
Lenders are currently making the necessary adjustments and system changes to enable them to use the modified affordability assessment for borrowers looking to re-mortgage. We expect lenders to start offering these borrowers products using the new rules soon.
I have written to Stephen Jones, Chief Executive Officer of UK Finance outlining my expectation that as many of its members as possible should move quickly to offer new deals to borrowers that are eligible to switch under the new FCA rules. You can read the letter here:
https://www.gov.uk/government/publications/a-letter-from-john-glen-to-stephen-jones-on-mortgage-prisoners.
Written Question
Tuesday 14th January 2020
Asked by:
Tracey Crouch (Conservative - Chatham and Aylesford)
Question
to the HM Treasury:
To ask the Chancellor of the Exchequer, what the timeframe is for the commencement of the review into alcohol duties.
Answered by Simon Clarke
Further announcements about the review into alcohol duties will be made in due course.
Speech in Westminster Hall - Tue 02 Apr 2019
Puppy Smuggling
"I am grateful to my hon. Gentleman for giving way and I congratulate him on securing this debate. I know that he is desperately trying not to mention the “B word” in this debate; I think we can all appreciate that. However, does he agree that one of the advantages …..."Tracey Crouch - View Speech
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Speech in Westminster Hall - Tue 02 Apr 2019
Puppy Smuggling
"This spring!..."Tracey Crouch - View Speech
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Speech in Commons Chamber - Tue 20 Nov 2018
Finance (No. 3) Bill
"Three...."Tracey Crouch - View Speech
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Speech in Commons Chamber - Tue 20 Nov 2018
Finance (No. 3) Bill
"I wish to take only a few minutes of the Chamber’s time on amendments 11, 12 and 13, which I signed, and on the Government’s amendments 16 and 17 that relate to the reduction in stake for fixed odds betting terminals and the increase in remote gaming duty.
I am …..."Tracey Crouch - View Speech
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Speech in Commons Chamber - Tue 20 Nov 2018
Finance (No. 3) Bill
"Further to the point made by the hon. Member for Sheffield Central (Paul Blomfield), it is worth remembering that Thursday will be the anniversary of Jack Ritchie taking his own life. It is therefore really important that we think about suicide as an important issue in this debate. It is …..."Tracey Crouch - View Speech
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Speech in General Committees - Mon 27 Mar 2017
Draft Horserace Betting Levy Regulations 2017
"I beg to move,
That the Committee has considered the draft Horserace Betting Levy Regulations 2017.
The Government propose extending the horserace betting levy to betting operators that are based offshore, which will correct the current unfairness in the levy system whereby betting operators in Britain are required to pay …..."Tracey Crouch - View Speech
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Speech in General Committees - Mon 27 Mar 2017
Draft Horserace Betting Levy Regulations 2017
"I thank Committee members for their engagement and their contributions to the debate. Although the principle of an extension to the levy is, on the face of it, simple, it has been demonstrated by the important points that have been made during this debate that it is more complex than …..."Tracey Crouch - View Speech
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