Lord Christopher
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Housing: Shared Ownership
Lord Christopher Excerpts(14 years ago)
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Lord Sassoon
My Lords, questions about what people can afford to pay are essentially for the mortgage provider to judge in the context of its commercial decisions, made within the responsible lending guidelines set down by the FSA.
Lord Christopher
My Lords, can the Minister offer a view on why equity release schemes should be regarded as sub-prime mortgages? I should have thought that such arrangements were highly desirable, given the age distribution that we face.
Lord Sassoon
My Lords, I regret that I am not going to be drawn into making judgments which are for the financial regulators to make.