§ 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.