§ Mr. TruswellTo ask the Chancellor of the Exchequer (1) if he will make a statement on(a) the position of mortgage holders with endowment policies whose paid-up value has not covered or is not anticipated to cover the full repayment of their mortgage, (b) the consequences for those mortgage holders left with such a shortfall and (c) discussions he has had with the providers of such policies regarding assistance to customers in this position; [130081]
(2) if he will make a statement on (a) the extent to which mortgage endowment policies have been mis-sold on the basis that their eventual paid up value could not reasonably be expected to cover the full amount of the mortgage and (b) the redress available to those who believe they have been mis-sold such a policy. [130082]
§ Miss Melanie JohnsonI refer my hon. Friend to the answer I gave to my hon. Friend the Member for Monmouth (Mr. Edwards) on 23 May 2000,Official Report, columns 415–16W.