Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what plans he has to take steps to compensate people who have not been able to proceed with purchase of a property due to mortgage products being withdrawn since 23 September 2022.

There remains a broad range of mortgage products on the market, including for those with a small deposit. 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.