Mortgages

(asked on 11th October 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if his Department has plans to help support people selling their homes following a number of banks withdrawing mortgages.


Answered by
Andrew Griffith Portrait
Andrew Griffith
Shadow Secretary of State for Business and Trade
This question was answered on 19th October 2022

There remains a broad range of mortgage products on the market, and those looking to take out a mortgage are encouraged to shop around and speak to a mortgage broker.

The pricing and availability of loans is a commercial decision for lenders in which the Government does not intervene. Likewise, it would not be appropriate for the Government to intervene in individual house sales.

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