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Building Societies

Volume 885: debated on Monday 27 January 1975

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asked the Secretary of State for the Environment if he has any proposals to help or encourage the building societies to bring down mortgage interest rates.

My hon. Friend will have seen from my right hon. Friend's reply to my hon. Friend the Member for Bolton, West (Mrs. Taylor) today that we have taken a series of measures to help those wishing to own their own homes. We are of course keeping in close touch with the Building Societies' Association about the general level of mortgage interest rates.