Skip to main content

Banks: Loans

Volume 502: debated on Monday 14 December 2009

To ask the Chancellor of the Exchequer what estimate he has made of (a) the number of buy-to-let mortgages outstanding and (b) the monetary value of those mortgages lent by (i) Bradford and Bingley, (ii) Northern Rock, (iii) Lloyds Bank and its subsidiaries and (iv) Royal Bank of Scotland and its UK subsidiaries. (305852)

The financial institutions in which there is public sector investment are managed by their respective boards at arm’s length from the Government, on commercial principles. The publication of specific business information is a matter for each company’s management.

Bradford and Bingley has published the value of buy-to-let mortgages held at the end of 2008 in its 2008 annual accounts:

http://www.bbg.co.uk/bbg/ir/publications/rp2008/publications2008/ar2008/ar2008_03_04_09.pdf

Northern Rock has published the number and value of buy-to-let mortgages held at the end of 2008 in its 2008 annual accounts:

http://companyinfo.northernrock.co.uk/downloads/2008_annual_report.pdf

RBS has published the value of buy-to-let mortgages held at the end of 2008 in its 2008 annual accounts:

http://files.shareholder.com/downloads/RBS/677416135x0x278481/eb7a003a-5c9b-41ef-bad3-81fb98a6c823/RBS_GRA_2008_09_03_09.pdf

Lloyds Banking Group has not published figures relating to buy-to-let mortgages in its most recent accounts.