Hansard

Northern Rock

Volume 699: debated on Wednesday 5 March 2008

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Lord Roberts of Conwy

asked Her Majesty's Government:

Whether Treasury guarantee arrangements for Northern Rock plc extend to obligations of Northern Rock to make payments on the repurchase of mortgages under the documentation for the Granite securitisation programme. [HL2058]

Lord Davies of Oldham

As set out in HM Treasury's announcement on 18 December, the guarantee arrangements for Northern Rock cover all obligations of Northern Rock plc to make payments on the repurchase of mortgages under the documentation for the “Granite” securitisation programme.