Mortgages

(asked on 24th June 2020) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Housing, Communities and Local Government, when he plans to hold a roundtable meeting with mortgage lenders to discuss mortgage valuations on properties under 18m; and if he will make a statement.


Answered by
Christopher Pincher Portrait
Christopher Pincher
This question was answered on 2nd July 2020

The Minister for Fire and Building Safety held a roundtable with mortgage lenders on Thursday 25 June, where they were pressed to consider a more proportionate approach to mortgage valuations on properties under 18 metres. The lenders present confirmed that they had, or were, reviewing their policies and guidance to valuers.

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