On 1 April 2019, the House of Commons published answers to two written questions:
– What discussions the Chancellor of the Exchequer has had with the Financial Conduct Authority on the development of the cost benefit analysis used to assess the potential impact of the its proposals in ‘Mortgage customers: proposed changes to responsible lending rules and guidance’ (CP19/14); and
– What estimate (with reference to CP19/14) the Chancellor of the Exchequer has made of the number of mortgage customers currently unable to switch their mortgage product who will not be able to benefit from modified affordability assessment proposals.
The answer to the first question can be found by clicking here (including the relevant letters) and the answer to the second question can be found by clicking here (including relevant letters).