§ Mr. Michael MorrisTo ask the Chancellor of the Exchequer what monitoring is being undertaken of the commercial lending exposure of building societies under the Building Societies Act 1986.
§ Mr. MaplesThe Building Societies Commission collects systematic information from building societies and this includes what are known as class 2 assets, which cannot exceed 20 per cent. of all lending. Class 2 covers all mortgage lending except that secured on owner-occupied residential property.