Mortgage Charter Debate

Full Debate: Read Full Debate
Department: HM Treasury

Mortgage Charter

Rachael Maskell Excerpts
Monday 26th June 2023

(1 year, 4 months ago)

Commons Chamber
Read Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Jeremy Hunt Portrait Jeremy Hunt
- View Speech - Hansard - - - Excerpts

The hon. Lady raises a very fair point. I will write to her with some details of what we are thinking in that area.

Rachael Maskell Portrait Rachael Maskell (York Central) (Lab/Co-op)
- View Speech - Hansard - -

Private rents go up when mortgages go up, yet local housing allowance disparity is growing faster in places like York than anywhere else in the country. What process has the Chancellor set in train to review local housing allowance and the broader rental market, which is out of kilter in places like York compared with surrounding areas?

Jeremy Hunt Portrait Jeremy Hunt
- View Speech - Hansard - - - Excerpts

The hon. Lady is absolutely right to talk about the impact on renters because of the high prevalence of buy-to-let landlords and the pass-through effect. That is an area we are looking at in great detail, and I will write to her with some of the things we are looking at and planning to do.