§ Mr. Tony Banksasked the Secretary of State for the Environment if he will direct the London residuary body to pay the fees associated with a transfer of ex-Greater London Council mortgagers to building societies.
§ Mr. TraceyNo. It is for borrowers themselves to decide whether or not they wish to pay such fees in order to have their mortgage transferred to building societies.
§ Mr. Tony Banksasked the Secretary of State for the Environment, pursuant to his reply of 12 December, Official Report, column 280, why only 5,000 ex-Greater London Council mortgagors were written to by the London residuary body with an offer to refinance their mortgages; and what information he has on the take-up.
§ Mr. TraceyThese are matters for which the London residuary body is responsible.