I know that the problem the Minister is trying to solve is not of his making. The problem originated when the affordability rules were changed pursuant to the financial crisis. The affordability rules were waived for people with their existing lenders who wanted to move from one fixed-rate deal, when it terminated, to the next one. Those with inactive lenders who are in the same situation cannot do that because those products are simply not available. That is one of the key problems that we have not solved yet. I would appreciate his continued efforts to work with us on this particular issue.
Financial Services Bill
Proceeding contribution from
Kevin Hollinrake
(Conservative)
in the House of Commons on Monday, 26 April 2021.
It occurred during Debate on bills on Financial Services Bill.
About this proceeding contribution
Reference
693 c85 Session
2019-21Chamber / Committee
House of Commons chamberSubjects
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2024-05-01 06:35:54 +0100
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