§ Mr. William RossTo ask the Secretary of State for the Environment what is his estimate of the market value of all domestic rated property in England and Wales, the rateable value of that property and the sums which will be raised by rates on that property in the current year.
§ Mr. GummerThe latest information for England and Wales is as follows:
Where owners wish to carry out improvements, the societies will consider applications for re-mortgage in the normal way.
These national policies apply equally to properties in the Nottingham area. The societies have taken steps to remind surveyors, valuers and estate agents with whom they normally deal in Nottingham of those policies.
The societies have also pointed out that valuations of all kinds of property can easily be affected by misleading statements about safety and durability, and that some recent press and television coverage may not have had a helpful effect on the market.
I very much welcome the positive and public attitude taken by these two major building societies, which I believe reflects the position of other lending institutions, and I am 353W sure that owners of BISF houses will welcome this, and take to heart their advice on factors which could affect the operation of the market locally.