§ 76. Mr. Tebbitasked the Secretary of State for the Environment if his discussions with the insurance industry on the lowering of mortgage indemnity assurance premium rates have now been completed; and if he will make a statement.
§ Mr. AmeryAll the insurance companies participating in the option mortgage guarantee scheme have now agreed to reduce their premium rates by ½ per cent. all round. The new rates vary from 2 to 3½ per cent. of the amount guaranteed.