§ Sir Sydney ChapmanTo ask the Chancellor of the Exchequer if he will introduce measures to abolish the switching fees which some home insurance companies charge consumers when they arrange home insurance with someone other than their mortgage providers. [90216]
§ Ruth KellyThe Government is giving the Financial Services Authority (FSA) responsibility for regulating mortgage business. I understand that the FSA will shortly be consulting on the basis that fees charged for switching insurances taken out as a condition of the mortgage, such as buildings insurance, are disclosed up front.