Richard Fuller
Main Page: Richard Fuller (Conservative - North East Bedfordshire)Department Debates - View all Richard Fuller's debates with the HM Treasury
(10 months, 3 weeks ago)
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Andrew Griffith
Not for the first time, the Chair of the Treasury Committee is on the money in her understanding of what is driving the markets, and in her advocacy and championing of the fact that our lending banks need to do a good job not just for mortgage holders, but also for savers. I am happy to meet her to talk about how we can ensure that they do the best job they can.
Richard Fuller (North East Bedfordshire) (Con)
In his earlier reply the Minister talked about mortgages in the United States. He will know that in the United States it is common to fix a mortgage for 15 or 30 years, which gives certainty about monthly repayments and can of course be refinanced if mortgage rates go down over the term of the mortgage. I understand that the UK Treasury looked at the UK mortgage markets and at introducing long-term fixed rates, and found that at that time there was not much potential. Will he consider looking at that again?