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United Kingdom · Question · Written question

UIN 45313

First Time Buyers: Mortgages

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

2 September 2022

Last action

20 September 2022 · Answer

Status

Answered

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Discovery layer

Source updated

20 September 2022

Summary

To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of encouraging mortgage lenders to use rental payments as proof of affordability for younger people applying for a mortgage to purchase a first home.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 2 September 2022

    Written question

    To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of encouraging mortgage lenders to use rental payments as proof of affordability for younger people applying for a mortgage to purchase a first home.

    Source: Commons

  2. 20 September 2022

    Answer

    The Government is committed to helping as many first-time buyers as possible get onto the housing ladder and agrees that a history of paying rent should be able to help with this. In 2017, the Government launched the Rent Recognition Challenge: a £2 milli...

    Source: Written answer

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