§ Mr. Grocott
To ask the Chancellor of the Exchequer what information he has as to how many households have their mortgage interest payments adjusted annually.
§ Mr. Lilley
Figures released by the Building Societies Association in July 1988 showed that 37 per cent. of borrowers with the largest 14 building societies had their mortgage payments adjusted once a year. No information is available for banks and other mortgage lenders.