§ Mr. WebbTo ask the Secretary of State for Social Security for what reasons the standard interest rate used for income support mortgage interest payments excludes lenders who are not building societies. [31881]
§ Mr. Keith BradleyBuilding societies continue to provide a broad range of products in a very competitive market. The standard rate is based on variable rates of mortgage interest and excludes discounted and fixed rate mortgages which are available to many borrowers.