Property Transfer: Bank Services
The question
To ask the Chancellor of the Exchequer, what discussions her Department has had with regulators and industry on modernising the financial infrastructure related to property transactions.
Answered by Lucy Rigby
The Government regularly engages with lenders and regulators to discuss the housing market, including lenders’ mortgage lending practices which support property transactions.
The Ministry of Housing, Communities and Local Government is currently consulting on reforms to the home buying and selling process. The Government has made clear its objectives that reform should support faster, more reliable transactions and reduced fall throughs and risks.
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