United Kingdom · Question · Written question
UIN 52016
Mortgages: Competition
Original
Introduced
13 May 2025
Last action
19 May 2025 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
19 May 2025
Summary
To ask the Chancellor of the Exchequer, what recent estimate her Department has made of the number of homeowners who are unable to switch to a cheaper mortgage due to changes in the (a) lending regulations and (b) policies of their current lender.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
13 May 2025
Written question
To ask the Chancellor of the Exchequer, what recent estimate her Department has made of the number of homeowners who are unable to switch to a cheaper mortgage due to changes in the (a) lending regulations and (b) policies of their current lender.
Source: Commons
19 May 2025
Answer
According to the Financial Conduct Authority (FCA), the vast majority of borrowers switch within 6 months of the end of an introductory deal. However, the Government understands the challenges facing mortgage borrowers that struggle to switch to new loans...
Source: Written answer
Votes
No vote records are attached yet.
Versions
No version snapshots stored. Document URLs remain at the source.
Documents
No documents linked.
Sponsors
- · Treasury · Answering body
Related records
No cross-record relationships stored yet.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://questions-statements.parliament.uk/written-questions/detail/2025-05-13/52016
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1802586
- uk · wq-1802586 · source updated 19 May 2025