The Minister may remember new clause 2, which I tabled on Report, with the support of my hon. Friends the Members for Stroud (Mr. Drew) and for West Bromwich, West (Mr. Bailey). It addressed the remutualisation of failed former building societies. Every building society that was privatised in the 1980s...

The Minister may remember new clause 2, which I tabled on Report, with the support of my hon. Friends the Members for Stroud (Mr. Drew) and for West Bromwich, West (Mr. Bailey). It addressed the remutualisation of failed former building societies. Every building society that was privatised in the 1980s...

I speak in support of new clause 2, which I tabled, on the reversion of rescued former building societies to mutual status. It is supported by my hon. Friends the Members for West Bromwich, West (Mr. Bailey) and for Stroud (Mr. Drew). In the immediate aftermath of the American civil...

I speak in support of new clause 2, which I tabled, on the reversion of rescued former building societies to mutual status. It is supported by my hon. Friends the Members for West Bromwich, West (Mr. Bailey) and for Stroud (Mr. Drew). In the immediate aftermath of the American civil...

I shall be coming to that point, but my hon. Friend has identified a good and close parallel. To paraphrase the manager of the then Halifax building society, offer people a sufficient amount of money and you can convince them of anything. In circumstances that had never been seen before,...

I shall be coming to that point, but my hon. Friend has identified a good and close parallel. To paraphrase the manager of the then Halifax building society, offer people a sufficient amount of money and you can convince them of anything. In circumstances that had never been seen before,...

Of course. I have opened accounts in building societies and in credit unions, too, so I am consistent on this topic. The Prime Minister was asked about the matter, and his foray into the debate was a triumph of equivocation:"““Only a society's board can propose conversion, which requires the support...

Of course. I have opened accounts in building societies and in credit unions, too, so I am consistent on this topic. The Prime Minister was asked about the matter, and his foray into the debate was a triumph of equivocation:"““Only a society's board can propose conversion, which requires the support...

: I saw that advert, and I can also confirm that I am in that age category. Should it not be headed, ““Philippines and Hawaii at 55: poverty and homelessness at 85””? That is the roll-up impact of such loans, is it not?

: I saw that advert, and I can also confirm that I am in that age category. Should it not be headed, ““Philippines and Hawaii at 55: poverty and homelessness at 85””? That is the roll-up impact of such loans, is it not?

I echo my hon. Friend's praise for the Which? report, and also praise that by Age Concern. He referred to reversion and roll-up mortgages, and the number of reversion mortgages has declined significantly but roll-up mortgages continue to increase in number. Is he concerned that if a 70-year-old widow sold...

I echo my hon. Friend's praise for the Which? report, and also praise that by Age Concern. He referred to reversion and roll-up mortgages, and the number of reversion mortgages has declined significantly but roll-up mortgages continue to increase in number. Is he concerned that if a 70-year-old widow sold...

: My hon. Friend paints a vivid and bleak picture of what is happening with mortgages and reversions. Does he agree that a smallish minority of firms encourage the elderly to borrow more than they need? That drives up the charges that they pay and, of course, lines the pockets...

: My hon. Friend paints a vivid and bleak picture of what is happening with mortgages and reversions. Does he agree that a smallish minority of firms encourage the elderly to borrow more than they need? That drives up the charges that they pay and, of course, lines the pockets...