HC Deb 12 April 1978 vol 947 cc451-2W
24. Mr. Michael Morris

asked the Secretary of State for the Environment how many first-time house purchasers are expected to be prevented from obtaining mortgages because of the intended reduction of mortgage lending between 1st April and 1st June 1978.

38. Mr. Benyon

asked the Secretary of State for the Environment how many first-time house purchasers are expected to be prevented from obtaining mortgages because of the intended reduction of mortgage lending between 1st April and 1st June 1978.

Mr. Shore

It is rapidly rising house prices which put purchase beyond the reach of first-time buyers. At the revised lending levels every creditworthy bor- rower should obtain a mortgage, though some may have to wait a little longer.