PARLIAMENTARY WRITTEN QUESTION
(12 December 2024)
Question Asked
To ask the Chancellor of the Exchequer, if she will have discussions with representatives from the banking sector on the adequacy of property valuations for mortgage applications.
Asked by:
Nick Timothy (Conservative)
Asked by:
Nick Timothy (Conservative)
Answer
The Government is regularly in contact with mortgage lenders on all aspects of their business, including the mortgage application process.
The specific details of how property valuations are carried out for mortgage applications is a commercial decision for lenders in which the Government does not intervene.
Answered by:
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