Mortgages: EWS1 Form Debate
Full Debate: Read Full DebateDepartment: Ministry of Housing, Communities and Local Government
Baroness Jones of Moulsecoomb
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(3 years, 5 months ago)
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Baroness Jones of Moulsecoomb (GP)
I declare an interest as a former councillor in Southwark. The Minister is using lots of words such as “challenging this”, “working with so and so” and “taking a number of measures”, but have the Government actually made a simple statement, saying to the mortgage or finance companies that this is not necessary before giving money to people who want to move house?
Lord Greenhalgh (Con)
My Lords, we have been working very hard to ensure that there is clear guidance about when such a form is necessary. In certain instances, there is deemed to be sufficient life-safety risk that an EWS1 form is required. The issue at hand is to ensure that lenders take a proportionate approach, and that is best achieved through dialogue.