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Loans

Volume 506: debated on Monday 22 February 2010

To ask the Chancellor of the Exchequer if he will estimate the (a) number of self-certification loans made in each year since 2004 and (b) total stock of self-certification loans which is outstanding. (318012)

The Treasury does not hold data on mortgage product sales by type. However, the FSA's ‘Mortgage Market Review’ includes some information on the proportion of regulated mortgage sales in 2007 that did not involve income verification. This is available in Exhibit 2.7 of the publication, which is available at the following link:

http://www.fsa.gov.uk/pubs/discussion/dp09_03.pdf