Question to the HM Treasury:

To ask Her Majesty's Government what assessment they have made of the impact on securing mortgages for those who have accessed their COVID-19 support schemes.

The pricing and availability of mortgage loans remain a bespoke commercial decision for mortgage lenders and the Government does not seek to intervene. Although the Treasury sets the legal framework for the regulation of financial services, it does not have investigative or prosecuting powers of its own and is not able to intervene in individual cases.

It remains important that lenders are able to carry out the proper checks to ensure that mortgage applicants are not lent to in an unaffordable way, especially if for example a borrower’s income has changed as a result of Coronavirus.