HC Deb 02 April 1985 vol 76 c546W
Mr. Dubs

asked the Attorney-General what are the increased costs per year estimated to have been caused by the decision in Williams and Glyns Bank v. Boland and Brown; and on what basis those costs have been estimated.

The Attorney-General

In 1981 the Law Society estimated that the cost of additional inquiries arising out of the decision in Williams and Glyn's Bankv. Boland and Brown [1981] AC 487 was £10 in a straightforward case. On the basis of 675,000 new building society advances in the year ending 31 December 1980 the society suggested that the increased costs per year to the house owning public was £6,750,000.