Mortgages

Ministry of Housing, Communities and Local Government written question – answered on 2nd July 2020.

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Photo of Gareth Thomas Gareth Thomas Shadow Minister (International Trade)

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.

Photo of Christopher Pincher Christopher Pincher Minister of State (Housing, Communities and Local Government)

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.

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