HC Deb 09 June 1971 vol 818 cc335-6W
Mr. Moate

asked the Secretary of State for the Environment what restriction has been placed on local authorities as to the maximum amount or the maximum percentage that can be loaned on any one house under the Government scheme for local authority mortgages.

Mr. Amery

Under the Housing (Financial Provisions) Act, 1958, local authorities have power to make up to 100 per cent. loans, and there is no restriction of the amount of an individual loan. In the nature of their lending, local authority loans are on average lower than those of building societies.