Oral Answers to Questions — Mortgage Interest Rates

Part of the debate – in the House of Commons at 12:00 am on 7th May 1975.

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Photo of Mr Anthony Crosland Mr Anthony Crosland , Grimsby 12:00 am, 7th May 1975

My Department maintains close and continuing contact with the building societies on a wide range of topics, including interest rates. At the present time we attach particular importance to stabilisation of mortgage funds. The appropriate level of mortgage interest rates has to be judged both in terms of that objective and in relation to other interest rates generally.