§ Mr. Frank Allaunasked the Minister of Housing and Local Government if he will state the approximate cost of raising the option mortgage from its present rate to an advantage of 4 per cent, and increasing the period of the option from 25 to 30 years.
§ Mr. MacCollTo raise the present subsidy rate to 4 per cent. would result in the subsidy being worth more than536W normal tax relief at the standard rate, which is not the object of the scheme. There is no limit on the period of an option mortgage except that where there is no fixed or ascertainable number of periodical repayments, subsidy is payable for 30 years.