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Mortgages

Question for Ministry of Housing, Communities and Local Government

UIN 64062, tabled on 24 June 2020

To ask the Secretary of State for Housing, Communities and Local Government, when he plans to hold a roundtable meeting with mortgage lenders to discuss mortgage valuations on properties under 18m; and if he will make a statement.

Answered on

2 July 2020

The Minister for Fire and Building Safety held a roundtable with mortgage lenders on Thursday 25 June, where they were pressed to consider a more proportionate approach to mortgage valuations on properties under 18 metres. The lenders present confirmed that they had, or were, reviewing their policies and guidance to valuers.