Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what representations he has made to the Financial Policy Committee of the Bank of England and the Financial Conduct Authority on problems faced by mortgage holders wishing to port their mortgage.
The new mortgage regulations are the responsibility of the independent Financial Conduct Authority, who are engaging with industry to ensure a common sense approach to their new rules. Treasury officials are in regular contact with counterparts at the Bank of England and the Financial Conduct Authority on a wide range of mortgage issues.