Property: Valuation
Commons · Question 19891 · Tabled 12 Dec 2024 · Treasury · Official record
Answered 19 Dec 2024
Question
Asked by Nick Timothy
To ask the Chancellor of the Exchequer, if she will have discussions with representatives from the banking sector on the adequacy of property valuations for mortgage applications.
Answer
Answered by Tulip Siddiq, 19 Dec 2024
The Government is regularly in contact with mortgage lenders on all aspects of their business, including the mortgage application process. The specific details of how property valuations are carried out for mortgage applications is a commercial decision f...