Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 28 January 2016 to Question 23906, if the Government will make it its policy to provide formal advice to banks or building societies offering second charge mortgages in territories outside the UK which are illegal under international law on potential financial risks of such products.

The Government has no plans to provide formal advice to banks or building societies offering second charge mortgages in territories outside the UK.