HC Deb 24 March 1964 vol 692 c55W
42. Mr. Spriggs

asked the Minister of Housing and Local Government and Minister for Welsh Affairs if he will introduce legislation which will provide him with powers to lend money for the purpose of house purchase for owner occupation.

Sir K. Joseph

No. Building societies, insurance companies, banks and local authorities are providing in aggregate ample loans to support the record postwar number of houses now being built for owner-occupation. Building societies alone expect to lend £1,000 million this year. The Housing Bill now before the House will provide finance for co-ownership which has many of the advantages of owner-occupation.

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