HC Deb 24 April 1978 vol 948 cc465-6W
Mr. Aitken

asked the Chancellor of the Exchequer if he will consider making option mortgages available to retirement pensioners; and if he will make a statement.

Mr. Freeson

I have been asked to reply.

Option mortgages are available to pensioners ordinarily resident in the United Kingdom provided the loan is for

operational instrument of control, as announced in Cmnd. 6721. The following table shows the amount allocated from the contingency reserve for the coming financial year in each Budget Statement since 1976:

the purpose of purchasing or improving a house.