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1700275

registered interest
date	12/04/2024
answering body	Department for Levelling Up, Housing and Communities
answering dept id	211
answering dept short name	Levelling Up, Housing and Communities
answering dept sort name	Levelling Up, Housing and Communities
hansard heading	Mortgages
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Levelling Up, Housing and Communities, what assessment he has made of levels of mortgage lenders compliance with the latest RICS guidance.
tabling member constituency	Brighton, Kemptown
tabling member printed	Lloyd Russell-Moyle
uin	21192
answer	answer is ministerial correction date of answer 19/04/2024 answer text <p>The External Wall System Review form (EWS1) is not a statutory requirement or government process. It is an industry tool to inform mortgage valuation. The Royal Institution of Chartered Surveyors (RICS) have issued guidance on the use and application of EWS1 forms.</p><p>Following the Department’s work in this area, a number of mortgage lenders have joined a voluntary commitment to offer mortgages on properties affected by building safety issues. This means that around three quarters of mortgage lending is now covered by this commitment, which commits lenders to consider mortgage applications for properties in buildings that are yet to be remediated, or where leaseholders are protected from remediation costs.</p> answering member constituency North East Derbyshire answering member printed Lee Rowley grouped question UIN 21193 question first answered 19/04/2024 12:19:02 answering member 4652 label Biography information for Lee Rowley
tabling member	4615 label Biography information for Lloyd Russell-Moyle

1698109

registered interest
date	22/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mortgages
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what information his Department holds on the number of (a) mortgage term extensions, (b) interest-only payment switches and (c) repossessions in relation to a mortgaged property since the publication of the Mortgage Charter on 26 June 2023.
tabling member constituency	Cynon Valley
tabling member printed	Beth Winter
uin	20113
answer	answer is ministerial correction date of answer 28/03/2024 answer text <p>The Government’s Mortgage Charter - in addition to the significant safeguards already in place - is providing support to vulnerable households, and mortgage arrears and repossessions remain low.</p><p> </p><p>On 22 March the Financial Conduct Authority published data on the uptake of the Mortgage Charter since July 2023. (https://www.fca.org.uk/data/mortgage-charter-uptake).</p><p> </p><p>More broadly, there is a wide variety of data and statistics about the mortgage market in the UK available from the Bank of England (https://www.bankofengland.co.uk/statistics), the Financial Conduct Authority (https://www.fca.org.uk/data) and UK Finance (https://www.ukfinance.org.uk/data-and-research/data).</p><p> </p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami grouped question UIN 20114 question first answered 28/03/2024 09:03:56 answering member 4639 label Biography information for Bim Afolami
tabling member	4809 label Biography information for Beth Winter

1698110

registered interest
date	22/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mortgages
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether his Department has made a recent assessment of the potential impact of the Mortgage Charter on levels of (a) forbearance, (b) arrears and (c) repossessions.
tabling member constituency	Cynon Valley
tabling member printed	Beth Winter
uin	20114
answer	answer is ministerial correction date of answer 28/03/2024 answer text <p>The Government’s Mortgage Charter - in addition to the significant safeguards already in place - is providing support to vulnerable households, and mortgage arrears and repossessions remain low.</p><p> </p><p>On 22 March the Financial Conduct Authority published data on the uptake of the Mortgage Charter since July 2023. (https://www.fca.org.uk/data/mortgage-charter-uptake).</p><p> </p><p>More broadly, there is a wide variety of data and statistics about the mortgage market in the UK available from the Bank of England (https://www.bankofengland.co.uk/statistics), the Financial Conduct Authority (https://www.fca.org.uk/data) and UK Finance (https://www.ukfinance.org.uk/data-and-research/data).</p><p> </p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami grouped question UIN 20113 question first answered 28/03/2024 09:03:57 answering member 4639 label Biography information for Bim Afolami
tabling member	4809 label Biography information for Beth Winter

1692990

registered interest
date	01/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mortgages
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential impact of 99% mortgages on house prices; and what steps he is taking to help mitigate that impact.
tabling member constituency	Slough
tabling member printed	Mr Tanmanjeet Singh Dhesi
uin	16527
answer	answer is ministerial correction date of answer 07/03/2024 answer text <p>The Government regularly assesses data on the UK mortgage and housing market and engages with a range of stakeholders.</p><p>The Government remains committed to supporting people of all incomes and at all stages of life in order to make the aspiration of home ownership a reality for as many households as possible</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 07/03/2024 14:29:45 answering member 4639 label Biography information for Bim Afolami
tabling member	4638 label Biography information for Mr Tanmanjeet Singh Dhesi

1691865

registered interest
date	26/02/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mortgages
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what plans they have to introduce a scheme providing for 99 per cent mortgages.
tabling member printed	Lord Reid of Cardowan
uin	HL2755
answer	answer is ministerial correction date of answer 05/03/2024 answer text <p>The Government does not comment on theoretical schemes but continues to keep policy under review. The Government remains committed to supporting people of all incomes and at all stages of life in order to make the aspiration of home ownership a reality for as many households as possible.</p> answering member printed Baroness Vere of Norbiton question first answered 05/03/2024 12:23:40 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	617 label Biography information for Lord Reid of Cardowan

1691866

registered interest
date	26/02/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mortgages
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government whether they have undertaken an impact assessment on the effects of any scheme to provide 99 per cent mortgages on the housing market.
tabling member printed	Lord Reid of Cardowan
uin	HL2756
answer	answer is ministerial correction date of answer 05/03/2024 answer text <p>The Government does not comment on theoretical schemes but continues to keep policy under review. The Government remains committed to supporting people of all incomes and at all stages of life in order to make the aspiration of home ownership a reality for as many households as possible.</p> answering member printed Baroness Vere of Norbiton question first answered 05/03/2024 12:26:55 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	617 label Biography information for Lord Reid of Cardowan

1685464

registered interest
date	29/01/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mortgages
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the Answer of 8 March 2023 to Question 157639 on Mortgages, whether he plans to publish a response to the report entitled Releasing the Mortgage Prisoners, published on 1 March 2023.
tabling member constituency	Feltham and Heston
tabling member printed	Seema Malhotra
uin	11794
answer	answer is ministerial correction date of answer 06/02/2024 answer text <p>The Government understands that being unable to switch your mortgage can be extremely stressful and, alongside the Financial Conduct Authority and industry, have shown we are willing to act, such as through the introduction of a ‘modified affordability assessment’.</p><p> </p><p>The Government remains committed to this issue, and we are considering the proposals put forward in this report very carefully. While we cannot force lenders to lend to borrowers they consider too high a risk, we welcome views on any further practical and proportionate solutions that would meaningfully assist affected borrowers and be fair to other borrowers in the wider market. We are also regularly in contact with key stakeholders, including recently with the UK Mortgage Prisoners campaign group, to discuss potential solutions.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 06/02/2024 11:17:55 answering member 4639 label Biography information for Bim Afolami
tabling member	4253 label Biography information for Seema Malhotra

1684530

registered interest
date	23/01/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mortgages
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what fiscal steps he is taking to help facilitate the entry of new lenders offering long-term fixed rate mortgages backed by institutional bonds to the market.
tabling member constituency	North East Hampshire
tabling member printed	Mr Ranil Jayawardena
uin	11153
answer	answer is ministerial correction date of answer 31/01/2024 answer text <p>The pricing and availability of mortgages is a commercial decision for lenders in which the Government does not intervene.</p><p> </p><p>However, lenders in the UK already do offer this type of mortgage product, and those looking to take out a long-term fixed rate mortgage are encouraged to shop around and speak to a broker to find the best possible product for them.</p><p> </p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 31/01/2024 12:02:23 answering member 4639 label Biography information for Bim Afolami
tabling member	4498 label Biography information for Mr Ranil Jayawardena

1684649

registered interest
date	23/01/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mortgages
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what assessment they have made of the long-term impact of their proposed 99 per cent mortgage scheme on (1) the housing market, and (2) borrowers.
tabling member printed	Lord Taylor of Warwick
uin	HL1880
answer	answer is ministerial correction date of answer 06/02/2024 answer text <p>The Government does not comment on theoretical schemes but continues to keep policy under review. The Government remains committed to supporting people of all incomes and at all stages of life in order to make the aspiration of home ownership a reality for as many households as possible.</p><p> </p><p>The Mortgage Guarantee Scheme – launched in April 2021 – continues to support homebuyers and movers with deposits as small as 5%. As of June 2023, the scheme has directly helped over 39,000 households to buy their homes, 86% of which have been first-time buyers.</p> answering member printed Baroness Vere of Norbiton question first answered 06/02/2024 12:28:56 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1658559

registered interest
date	06/09/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mortgages
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what discussions she has had with (a) lenders and (b) other relevant stakeholders on the levels of early repayment charges for tracker mortgages.
tabling member constituency	Hampstead and Kilburn
tabling member printed	Tulip Siddiq
uin	198107
answer	answer is ministerial correction date of answer 12/09/2023 answer text <p>HM Treasury is regularly in contact with mortgage lenders on all aspects of their mortgage business to understand their position and current lending conditions. However, the pricing of mortgages, including early repayment charges, is a commercial decision for lenders in which the Government does not intervene.</p><p> </p><p>Nevertheless, Financial Conduct Authority rules set out that lenders should not impose early repayment charges at a level that is more than a reasonable pre-estimate of the costs that would be incurred as a result of a loan being terminated early.</p><p> </p><p>Consumers should also be given adequate information about the existence of these charges in the pre-sale disclosure documents lenders are required to give them.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 12/09/2023 10:34:50 answering member 4874 label Biography information for Andrew Griffith
tabling member	4518 label Biography information for Tulip Siddiq