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Building Society Mortgages

Volume 929: debated on Monday 28 March 1977

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asked the Secretary of State for the Environment what plans he has to encourage building societies to advance mortgages for properties valued at less than £4,000 or with a life of less than 30 years under the building societies support scheme.

Building societies loans under the replacement lending scheme will be confined to the same priority categories as local authorities' own mortgage lending in 1977–78. These will normally include the types of property mentioned by the hon. Member.