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Local Authority Mortgages

Volume 888: debated on Monday 10 March 1975

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asked the Secretary of State for the Environment what discussions he has had with local authorities about mortgage advances for house purchases; and what steps he proposes to take to ensure that local authority mortgage interest rates are kept down to a level comparable with building society interest rates.

Deputations from a number of local authorities have been received at ministerial and official level.This is a very difficult problem and I am still looking for a way through it.