§ Mr. MacleanTo ask the Chancellor of the Exchequer what measures he has taken to encourage the provision of flexible mortgages; and if he will make a statement. [77012]
§ Ms Armstrong[holding answer 16 March 1999]I have been asked to reply.
In meetings and other engagements, I have encouraged mortgage lenders to develop and market more mortgage products with flexible repayment arrangements. My Department is continuing to pursue this through discussions with lenders and insurers aimed at providing better protection for home buyers.