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Lending Limits

Volume 171: debated on Friday 27 April 1990

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To ask the Chancellor of the Exchequer if he will list the information he has on those European countries which have limits on the amount their building societies or equivalents can lend as a percentage of the purchase price of a house.

Housing finance systems in other European countries are quite different from the United Kingdom. No comprehensive information is held centrally. However, a book published by the European Community Mortgage Federation entitled "Mortgage credit in the European Community" lists the conditions applying in most EC member states. A copy is in the House Library.