§ Mr. Wigley
asked the Secretary of State for the Environment if he will introduce a scheme to grant persons living in second home areas who wish to purchase a house for their own fulltime occupation but cannot do so because of the distortion in the price of houses caused by demand for second homes.
§ Mr. Freeson
No, but the hon. Member will recall the action taken in 1974 to limit tax relief on loan interest, broadly speaking, to loans for the purchase or improvement of a borrowers' only or main residence.