HC Deb 19 April 1972 vol 835 c98W
Mr. Crowder

asked the Secretary of State for the Environment if he will consider increasing the maximum mortgage permitted under the option mortgage scheme in view of the fall in the value of the £ sterling since the present limit of £7,500 was fixed.

Mr. Amery

The limit applies only to Government assisted guarantees for high percentage loans made under the option mortgage scheme, not to the scheme itself. I think it right that these special guarantees should continue to be directed towards borrowers who are less well off.