§ 56. Mr. Wigleyasked the Secretary of State for the Environment what discussions he has had with building societies with a view to establishing on a permanent basis a mortgage interest stabilisation fund; what is the progress of any such discussions; and if he will make a statement.
§ Mr. FreesonThe agreement between the Government and the Building482W Societies Association in April was an important first step towards stabilisation of mortgage funds. For the longer term, the Government and the association will continue to work closely together to achieve permanent arrangements.
On the question of mortgage rates, I have nothing to add to the answer given to the hon. Member for Christchurch and Lymington (Mr. Adley) on 7th May.—[Vol. 891, c. 1403–5.]