Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he has held recent discussions with banks on fixed rate mortgages for first time buyers.

HM Treasury is regularly in contact with mortgage lenders on all aspects of their mortgage business to understand their position and current lending conditions. There is a wide choice of fixed-rate mortgage products available in the market for all prospective buyers. However, the pricing and availability of mortgages is ultimately a commercial decision for lenders in which the Government does not intervene.