§ Mr. Heddle
asked the Secretary of State for the Environment, further to the answer of 23 January, Official Report, column 424, to the hon. Member for Mid-Staffordshire, in respect of the total sum now outstanding and owed to the Greater London council under mortgage arrangements, if he will indicate what steps have been made to dispose of the former Greater London council mortgage book in whole or in part.
§ Mr. Tracey
This is a matter for the London residuary body. I understand, however, that it has begun informal discussions with financial institutions. As required by section 7 of the Local Government Act 1986, no mortgage will be disposed of without the consent of the mortgagor.