§ 66. Mr. Ridleyasked the Secretary of State for the Environment what is his policy on the appropriate rate of interest on mortgages.
§ 91. Mr. Douglas-Mannasked the Secretary of State for the Environment whether he will hold discussions with the 363W Building Societies Association with a view to establishing a stabilisation fund.
§ Mr. FreesonThe Building Societies Association decided last week not to recommend any mortgage rate increase at present. The Government and the association will complete before Easter an intensive joint study of the question of mortgage rates in the short term.
§ Mrs. Wiseasked the Secretary of State for the Environment whether he will examine the proposals submitted to his Department under the previous administration by the National Association of Estate Agents designed to shield the average owner-occupier from the worst effects of high mortgage interest rates.
§ Mr. FreesonAll possibilities will be considered in the intensive study with the Building Societies Association of the short-term problems.