Mortgages (Interest Rates)

HC Deb 01 December 1966 vol 737 cc139-40W

71. Mr. Ryan

asked the Chancellor of the Exchequer what effect the period of severe restraint will have on interest rates on mortgages charged by building societies and local authorities.

Mr. Diamond

The Government expect that restraint will continue to be exercised in these fields, and that increases will be avoided as far as possible.