questionText: To ask the Chancellor of the Exchequer, if he will publish guidance to encourage mortgage lenders to consider an applicant’s ability to service a loan on the basis of rental monies paid rather than a multiple of salary.
answerText: The Government is committed to helping as many first-time buyers as possible get onto the housing ladder and agrees that a history of paying rent should be able to help with this. In 2017, the Government launched the Rent Recognition Challenge: a £2 milli...
heading: Mortgages