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Mortgages

Volume 170: debated on Monday 26 March 1990

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To ask the Secretary of State for the Environment if he will make it his policy to meet building society representatives and other mortgage lending institutions to discuss their approaches to rescheduling loans and repossession.

Ministers and officials at the Department of the Environment frequently meet representatives from mortgage lending institutions and discuss a range of issues, including mortgage arrears and possessions. I have met recently with representatives of the Council of Mortgage Lenders, whose members include all building societies of any size and many other mortgage lending institutions.