Mortgages: Right to Buy Scheme
The question
To ask the Chancellor of the Exchequer, what steps her Department is taking to support people facing difficulties in obtaining mortgages for ex-Right to Buy properties.
Answered by Emma Reynolds
HM Treasury is regularly in contact with mortgage lenders on all aspects of their mortgage business to understand their position and current lending conditions. However, the pricing of mortgages, including the availability of mortgage finance for particular properties, is a commercial decision for lenders in which the Government does not intervene.
I would encourage any prospective homeowner to shop around and speak to a mortgage broker in order to find the best possible mortgage product for their circumstances.
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