| answer text |
<p>Up to 9 May, £24.5bn has been paid in Self Employed Income Support Scheme grants
in total. Across the four schemes 2.8m individuals have received a grant and 8.8m
total grants have been claimed.</p><p>Decisions concerning the pricing and availability
of loans, including application requirements, remain commercial decisions for lenders
and the Government does not seek to intervene. For individuals applying for new credit,
it remains important that lenders are able to carry out proper checks to ensure that
they are not lending in an unaffordable way, especially if, for example, a borrower’s
income had not yet returned to the levels it was at pre Covid-19. Where an individual
has been refused a mortgage with one provider, we would also urge them to shop around,
recognising lenders do not all take the same approach to assessing affordability.</p>
|
 |
