Mortgages

Communities and Local Government written question – answered on 12th November 2010.

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Photo of Stephen Gilbert Stephen Gilbert Liberal Democrat, St Austell and Newquay

To ask the Secretary of State for Communities and Local Government what assessment he has made of the effects of the Financial Services Authority's mortgage market review proposals on (a) the housing market and (b) the supply of new homes; and if he will make a statement.

Photo of Grant Shapps Grant Shapps The Minister for Housing

The Government support the objective of the Mortgage Market Review to create a sustainable market for all participants. Responsible lending, including to first-time buyers and the self-employed, is essential to support access to homeownership and new housing supply.

The Financial Services Authority's proposals are of great importance to the future of the housing market and deserve wide debate based on the best possible evidence.

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