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
Minister of State (Department for Science, Innovation and Technology)
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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