HC Deb 31 January 1967 vol 740 c46W
76. Mr. Lipton

asked the Chancellor of the Exchequer if he will take steps to require that building societies shall not charge more than the specified rate of interest on mortgages through charging interest on the amount owing at the beginning of the year, despite the succeeding 11 monthly payments reducing the debt.

Mr. Callaghan

No. I think that this is a matter between the building societies and their borrowers. No doubt they will have taken note of recent public comment on this subject.