Flats: Home Insurance — Written Question

Question

Bobby Dean

Liberal Democrat — Carshalton and Wallington

To ask the Chancellor of the Exchequer, what estimate she has made of the number of leasehold flats containing combustible material with higher insurance costs that will be classified as permanently impaired under the Basel 3.1 requirements; and if she wi

Answer

Lucy Rigby

We understand the question relates to regulatory requirements for property valuations under Basel 3.1.There are several changes in the Prudential Regulation Authority’s (PRA) implementation of the Basel 3.1 standards that are relevant to mortgage valuatio...

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