Mortgages: Pylons
The question
To ask the Chancellor of the Exchequer, if she will hold discussions with mortgage lenders on the adequacy of their lending criteria for homes within 200 metres of a pylon.
Answered by Emma Reynolds
The pricing and availability of mortgages is a commercial decision for mortgage lenders in which the Government does not intervene.
However, the Government is regularly in contact with mortgage lenders on all aspects of their business, including the provision of finance to different cohorts of borrowers.
The UK also benefits from a competitive mortgage market, with a wide variety of products available. Any prospective borrower should speak to a mortgage broker, who will be able to assist them in finding the best possible product for their circumstances.
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