§ Mr. Arnoldasked the Secretary of State for Prices and Consumer Protection if he will refer to the Director-General of Fair Trading the arrangements for granting endowment mortgages; and if he will make a statement.
§ Mr. John FraserThe Director General announced last October an agreement with the Building Societies Association about certain aspects of the arrangements for granting endowment mortgages. I suggest that any matters arising should be drawn to the Director General's attention.
§ Mr. Arnoldasked the Secretary of State for Prices and Consumer Protection what information he has with regard to the number of individual complaints about possible non-observance of the arrangements that have been agreed between the Office of Fair Trading and the Building Societies Association as they affect endowment mortgages.
§ Mr. John FraserI understand that the Office of Fair Trading has received a large number of inquiries about the arrangements but no complaints. Individual complaints—if any arise—should be taken up in the first instance with the552W building society concerned and subsequently, if necessary, with the Building, Societies Association.