Written Question·Treasury·UIN 52017
Mortgages: Competition
Tabled: 13 May 2025
Answered: 19 May 2025
Question
Lisa Smart
Liberal Democrat — Hazel Grove
To ask the Chancellor of the Exchequer, what steps her Department is taking to support people in switching to more affordable mortgage products.
Answer
Emma ReynoldsAccording to the Financial Conduct Authority (FCA), the vast majority of borrowers switch within 6 months of the end of an introductory deal. However, the Government understands the challenges facing mortgage borrowers that struggle to switch to new loans...
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