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United Kingdom · Question · Written question

UIN 26880

Mortgages

answeredUnited Kingdom· UK Parliament· EN

Introduced

28 January 2025

Last action

4 February 2025 · Answer

Status

Answered

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Discovery layer

Source updated

4 February 2025

Summary

To ask the Chancellor of the Exchequer, if she will make an estimate of the average annual cost of a five year fixed rate mortgage (a) on the week commencing 21 October 2024 and (b) in January 2025.

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Timeline

  1. 28 January 2025

    Written question

    To ask the Chancellor of the Exchequer, if she will make an estimate of the average annual cost of a five year fixed rate mortgage (a) on the week commencing 21 October 2024 and (b) in January 2025.

    Source: Commons

  2. 4 February 2025

    Answer

    The pricing and availability of mortgages is ultimately a commercial decision for lenders, in which the Government does not intervene. Changes in offered mortgage rates are broadly driven by changes in financial market expectations for Bank Rate.Monetary ...

    Source: Written answer

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