Can we have a debate next week on access to mortgages? I have been approached by mortgage brokers in Banbury who told me:"““Lenders have again put up their rates despite the Bank of England reducing rates last week. They have also reduced the loan to value ratios and we are seeing properties being dramatically down valued to such an extent that it is impossible for people to remortgage when their fixed rates end. We were under the impression that tax payers money being given to these banks was on condition that lenders…began lending at 2007 levels. This is not happening… the situation has worsened to such an extent that we are virtually unable to help any of our clients””."
If the mortgage market does not get going again, there is no hope for the housing market doing the same. May we have a debate some time soon—hopefully next week—on access to mortgages?
Business of the House
Business question from
Tony Baldry
(Conservative)
in the House of Commons on Thursday, 16 October 2008.
It occurred during Business statement on Business of the House.
Type
Proceeding contribution
Reference
480 c932 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2023-12-16 02:22:30 +0000
URI
http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1356699/-question
In Indexing
http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1356699/-question
In Solr
https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1356699/-question