HC Deb 23 March 1965 vol 709 cc53-4W
Mr. Heffer

asked the Minister of Housing and Local Government how many local authorities have ceased to give 100 per cent. mortgages since the Government took office; and how many had already ceased to do so before that date.

Mr. Crossman

The 1,200 local authorities which operate lending schemes send me quarterly returns of advances made, showing 100 per cent. advances separately, but these returns do not show how many have suspended lending entirely or have given up making 100 per cent. advances. Press reports and other sources indicate that 36 authorities have suspended lending schemes entirely, of which three are known to have resumed lending. No returns are made of the interest rates charged.