Oral Question·Treasury
“What recent discussions she has had with the Financial Conduct Authority on the adequacy of support from mortgage lenders for older people with interest roll up lifetime mortgages.”
Tabled: 14 May 2025Answered: 20 May 2025
Asked by
Harpreet Uppal
Labour — Huddersfield
Answering Minister
the Chancellor of the Exchequer
Answer from Hansard
The Economic Secretary to the Treasury (Emma Reynolds)
Lifetime mortgages have been regulated by the FCA since 2004. Those rules provide robust consumer protections, including requiring lenders to engage and provide tailored support to all their customers.