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House Purchase Loans

Volume 888: debated on Wednesday 19 March 1975

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asked the Chancellor of the Exchequer what representations he has received from the Building Societies Association about increasing the figure beyond which advances for house purchase must be restricted.

The Building Societies Association has approached the Chief Registrar of Friendly Societies about this. As my right hon. Friend the Secretary of State for the Environment announced on 27th January, the Government are considering whether an increase in the special advance limit would ease our housing finance problems.