HC Deb 07 December 1973 vol 865 c504W
Mr. Stainton

asked the Secretary of State for Trade and Industry if he is aware that the present fall in house prices has embarrassed holders of second mortgages; and whether he will make inquiries to indicate the extent of the problem and possible alleviation.

Sir G. Howe

I have received no evidence of this. I am sure that those offering to lend money on the security of second mortgages are fully aware of all the risks which they may run.