HC Deb 20 May 1980 vol 985 c389
Mr. Alton

I beg to move amendment No. 189, in page 69, line 27, at end insert ' save that this subsection shall not apply where a local authority lends money on mortgage for the purchase of a dwelling-house under a scheme of low-start mortgages, index-linked mortgages or equity-sharing mortgages, under such a scheme the payments over the term shall be substantially equal to the total of payments which would have been made under the standard rates in force during the term.'.

Mr. Speaker

With this it will be convenient to take the following amendments:

No. 190, in page 69, line 35, leave out ' not exceeding six months and.'. No. 191, in page 69, line 37, leave out ' of six months and '.

No. 192, in page 69, line 44, leave out '¼ ' and insert ' 1 '.

No. 193, in page 70, line 6, leave out ' ¼ ' and insert ' 1 '.

Mr. Alton

Following discussions with other right hon. and hon. Members, and in an effort to try to facilitate debate, I have nothing to add.

Amendment negatived.

Amendment made: No. 71, in page 71, line 10, at end insert— '(11A) This section does not apply to loans made by local authorities to housing associations under section 119 of the 1957 Act.'—[Mr. Stanley.]

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