Bishop of Chelmsford asks about mortgage lending

The Bishop of Chelmsford asked a question on mortgage lending on 12th January 2022, during a debate on issues faced by residential leaseholders:

The Lord Bishop of Chelmsford: My Lords, in light of the commitment made by the big six lenders to accept mortgage applications for flats with building safety issues from Monday 9 January, will the Minister confirm that the Government will monitor their lending decisions to ensure that this time their commitments will be fulfilled, so that this part of the housing market can be unfrozen?

Baroness Scott of Bybrook (Con): The right reverend Prelate brings up an interesting point. I do not know exactly what the Government will do, as the announcement was made only this week. However, I will find out exactly how we will monitor them and the process, and come back to her.


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