MPs examine state of the mortgage market

Purpose of the session

In a one-off topical session, MPs will explore how the mortgage market is working, with a likely focus on what support is in place for vulnerable customers in the context of the cost of living crisis and rising interest rates. 

The Committee is likely to examine changes to the market, including whether the UK should aim to have more long-term fixed products available, and will seek witnesses’ predictions on what may happen to house prices in the coming year.  

Other potential topics for discussion include the likely ramifications of the rising cost of mortgages for households, whether there is a case for a fresh Government intervention in the mortgage market, and the impact of September’s mini-budget on the mortgage market.  

Witnesses   

Wednesday 2 November, 2.15pm 

Wilson Room, Portcullis House, Houses of Parliament   

• Ray Boulger, Senior Mortgage Technical Manager at John Charcol  
• Joanna Elson CBE, Chief Executive at The Money Advice Trust 
• Chris Rhodes, Chief Finance Officer at Nationwide Building Society 
• Charles Roe, Director for Mortgages at UK Finance 

Further information

• About Parliament: Select committees
• Visiting Parliament: Watch committees

Image: PA