§ 61. Mr. Lubbockasked the Minister of Housing and Local Government what guidance he has given to the building societies about the changes in mortgage rates planned before publication of the White Paper on the Prices and Incomes Standstill.
§ Mr. MellishI would refer the hon. Member to the reply which my right hon. Friend gave to the right hon. Member for Kingston-upon-Thames (Mr. Boyd-Carpenter) on Tuesday, 9th August.
§ Mr. Arthur Lewisasked the Minister of Housing and Local Government (1) whether he is aware of the difficulties caused to the building societies by the uncertainty over Her Majesty's Government's policy regarding building society mortgage interest rates; how Her Majesty's Government propose to freeze these interest rates; when the National Board for Prices and Incomes are due to publish their findings on this subject; and whether he will make a statement;
(2) if he will make a statement on the further increases in building society mortgage rates by a number of building societies in relation to Her Majesty's Government's prices policy; how this increase will affect the Government's target of 500,000 houses; how it will affect the Government's policy of eventual 400W 3 per cent. interest rates on mortgages; and whether he will make a statement.
§ Mr. MellishI would refer my hon. Friend to the reply which my right hon. Friend gave to the right hon. Member for Kingston-upon-Thames (Mr. Boyd-Carpenter) on Tuesday, 9th August.