§ Mr. McCrindle
asked the Secretary of State for the Environment what recent discussions he has had with the Building Societies Association.
§ Mr. Freeson
Regular contacts continue to be maintained with the Building Societies Association over all matters affecting the housing market. Most recently I have consulted the Chairman of the Building Societies Association and certain Other leaders of the building societies' movement about the implications of the recently announced public expenditure saving to be made from local authority home loans, and they have responded by expressing their willingness to fill this mortgage lending gap, or a substantial part of it, and within the limits of what is open to them will do all they can for those who would have got mortgages from local authorities.