PARLIAMENTARY WRITTEN QUESTION
Mortgages: EU Nationals (20 July 2017)

Question Asked

To ask Mr Chancellor of the Exchequer, whether he has made an assessment of the potential occurrence of discrimination in access to mortgages for non-UK EU citizens; and if he will make a statement.

Asked by:
Helen Hayes (Labour)

Answer

The Treasury has not made an assessment of the potential occurrence of discrimination in access to mortgages for non-UK EU citizens. UK Finance, the main industry trade body for this sector, have confirmed that mortgage lenders intend to pursue a business-as-usual approach throughout the withdrawal negotiation period, and will continue to treat customers fairly and act in the best interests of customers. Lenders are not currently adopting any changes to their lending criteria regarding citizenship status.

The Government’s objective is to provide reassurance and certainty to the 3 million EU citizens living in the UK. Negotiations with the EU have been constructive, and will consider the issue of economic rights at the next round of negotiations.


Answered by:
Steve Barclay (Conservative)
6 September 2017

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