Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what recent assessment he has made of the transparency of mortgage pricing; and if he will make a statement.

The Government is committed to ensuring fair and effective competition across all financial services markets. It has established the independent Financial Conduct Authority (FCA) and given them the responsibility, enshrined in law, to promote effective competition in the interest of consumers. The FCA has the power to create, supervise and enforce any rules it thinks are needed to promote consumer protection, transparency and competition, including with respect to the transparency of mortgage pricing.