HC Deb 28 March 1996 vol 274 c674W
Sir John Stanley

To ask the Chancellor of the Exchequer under which section of which Act owners of domestic properties were given the right to alter the insurer of their home from the one specified by their building society as mortgagee. [19514]

Mrs. Angela Knight

[holding answer 7 March 1996]: The practice of building societies allowing borrowers to alter the insurers of their homes flows form the code of practice on the linking of services which the Building Societies Association brought into effect on 1 January 1988. It does not depend on any statutory underpinning.