HC Deb 26 November 2001 vol 375 cc636-7W
Mr. Flight

To ask the Chancellor of the Exchequer what assessment he has made of the ability of mortgage lenders to implement the new regulatory regime for the selling of mortgages by August 2002. [17713]

Ruth Kelly

[holding answer 23 November 2001]: The Financial Services Authority (FSA) is considering this as part of a wider review of the responses to the consultation on its draft mortgage sourcebook—published by the FSA as CP 98.

Mr. Flight

To ask the Chancellor of the Exchequer what representations have been received on the proposal for mortgage lenders to monitor mortgage brokers' adherence to the new rules for regulating the selling of mortgages. [17714]

Ruth Kelly

[holding answer 23 November 2001]: I refer the hon. Member to the answer I gave to my hon. Friend the Member for Stafford (Mr. Kidney) on 20 November 2001, Official Report, column 137W.

Mr. Love

To ask the Chancellor of the Exchequer (1) what recent discussions he has had with the Financial Services Authority regarding the implementation of the new regulatory regime for mortgages; and if he will make a statement; [18033]

(2) what representations he has received from the Council of Mortgage Lenders on (a) the inclusion of mortgage advice and mortgage intermediaries in the new regulatory regime and (b) on moving the date of N3 from August 2002 to 2003; and if he will make a statement. [18034]

Ruth Kelly

I hope to make an announcement about the timing of N3 and related matters shortly.

Mr. Kidney

To ask the Chancellor of the Exchequer if he will modify his proposals for mortgage regulation by(a) limiting the circumstances in which pre-application disclosure will apply and (b) putting back N3 to February 2003. [18168]

Ruth Kelly

I hope to make an announcement on the timing of N3 and related matters shortly.