Andrew Bingham – 2014 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Andrew Bingham on 2014-07-15.

To ask Mr Chancellor of the Exchequer, what steps he is taking to reduce the bureaucracy required to apply for a new mortgage.

Andrea Leadsom

The Financial Conduct Authority (FCA) has recently put in place new regulations for mortgages in the UK, known as the ‘Mortgage Market Review’ (MMR). The MMR is a matter for the FCA, whose day-to-day operations are independent from government control and influence.