HC Deb 11 April 2000 vol 348 c142W
Dr. Cable

To ask the Secretary of State for Social Security what discussions have taken place between his Department and mortgage lenders to ensure that when mortgage interest is paid by the Department the borrower pays interest on the most favourable terms available from the mortgage lender. [118649]

Angela Eagle

There have been no discussions between this Department and mortgage lenders with regard to favourable interest rates. The Department calculates mortgage payments based on a standard interest rate that is calculated by the Building Societies Commission. A mortgage contract is between the lender and the borrower, with no involvement from this Department.