HC Deb 16 February 1970 vol 796 c53W
Mr. Arthur Lewis

asked the Minister of Housing and Local Government whether his attention has been drawn to the dangers inherent in the practice of firms granting second mortgages at excessive rates of interest; and whether he will investigate these practices with a view to taking steps to establish a code of good conduct.

Mr. Freeson

I am aware of the dangers inherent in second mortgage business, and the Department is examining the Consumer Council's report and other information to hand in the Department.