§ Mr. Bostonasked the Chancellor of the Exchequer if he will make a statement about the financing of private house building.
§ Mr. CallaghanMy right hon. Friend the Minister of Housing and Local Government and I have been considering steps to encourage private house building. Buying and selling private houses is now becoming easier because of the flow of funds into the building societies. This will stimulate private house building. As for bank credit, the banks are willing and ready to meet all normal demands for credit from creditworthy customers in this field, whether they be builders wishing to finance construction or purchasers wanting bridging facilities. I am assured that the existing guidance on priorities for bank lending will be interpreted in this way.