Mortgages: EU Law

(asked on 17th October 2018) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the effect of the EU Mortgage Credit Directive on the cost of mortgages.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 22nd October 2018

The Government conducted an impact assessment when implementing the EU Directive in 2015 and assessed that there would be minimal costs incurred as a result of businesses absorbing the regulatory changes from the FCA.

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