Question to the HM Treasury:

To ask His Majesty's Government what steps they are taking to require lenders to consider rental payment history when making decisions on mortgage applications.

The UK benefits from a competitive mortgage market, including products that are based on a tenant’s history of rental payments. Any prospective first-time buyer should speak to a mortgage broker, who will be able to assist them in finding the best possible product for their circumstances.

The pricing and availability of mortgages is a commercial decision for lenders in which the Government does not intervene. Lenders need to balance the risk of default and losses when making their decisions, which is why mortgage affordability assessments consider a range of factors.