HC Deb 14 June 1999 vol 333 cc26-7W
Mr. Flynn

To ask the Chancellor of the Exchequer (1) if he will make a statement on the extent of pension mortgage mis-selling; [86936]

(2) what assessment he has made of the number of people in Britain who have (a) endowment mortgages, (b) pension mortgages, (c) ISA mortgages and (d) interest-only mortgages without any repayment vehicle; and if he will make a statement. [86937]

Ms Hewitt

The Treasury does not compile statistics on housing finance. However, the Council of Mortgage Lenders' quarterly economics journal No 42 of May 1999 includes the following information on the percentage number of loans granted in 1998 by repayment method type of advance.

Percentage
Repayment 43
Interest only of which 56
Endowment 34
PEP 3
Pension 1
Other 19
Other 1

FSA has reported no systematic evidence of mis-selling of pension mortgages.