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Mortgage Control

Oral Answers to Questions — Housing – in the House of Commons at 12:00 am on 19th November 1957.

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Photo of Mr Graham Page Mr Graham Page , Crosby 12:00 am, 19th November 1957

asked the Minister of Housing and Local Government if he will initiate legislation to provide a measure of decontrol of those mortgages which still remain subject to the Rent and Mortgage Interest Restriction Acts.

Photo of Mr Henry Brooke Mr Henry Brooke , Hampstead

Mortgage control is lifted where a house comes out of rent control. Where the landlord is still restricted as regards the rent he can charge or the regaining of possession. I think that he should continue to enjoy his present protection against a mortgagee.

Photo of Mr Graham Page Mr Graham Page , Crosby

Is my right hon. Friend aware that many of these very old mortgages, pre-1914 mortgages, are included in small trust estates and that the low rate of interest is causing considerable hardship to those entitled to the income from such estates?

Photo of Mr Henry Brooke Mr Henry Brooke , Hampstead

I agree with my hon. Friend that this is a difficult matter, but it was considered by the Government at the time of the introduction of the Rent Bill, and I think that we reached the right conclusion.