Mortgages

(asked on 10th October 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he has had recent discussions with mortgage lenders on (a) reducing the cost of borrowing and (b) ensuring that mortgage approvals remain at a steady rate.


Answered by
Andrew Griffith Portrait
Andrew Griffith
Minister of State (Department for Science, Innovation and Technology)
This question was answered on 18th October 2022

The Chancellor and I are in regular contact with mortgage lenders on all aspects of their mortgage lending to understand their position and current lending conditions, including most recently at the Chancellor’s roundtable with retail and challenger banks on 6 October.

Ultimately, the pricing, availability and approval of loans remains a commercial decision for lenders in which the Government does not seek to intervene.

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