• T. J. Gough


In this chapter we turn to consider the other main part of the building societies’ activities: the granting of mortgages. Here we are principally concerned with three aspects: the type of mortgage offered, the category of persons offered loans and size of such loans, and the types of property on which mortgages are usually granted.


Interest Rate Local Authority Inflation Rate Mortgage Rate Building Society 
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  1. 1.
    Low Start Mortgage Scheme (National Economic Development Council, March 1972).Google Scholar
  2. 2.
    Black, J., ‘A new system for mortgages’, Lloyds Bank Review, No. 111 (January 1974).Google Scholar
  3. 3.
    Packard argues in The Status Seekers that: ‘The home during the late fifties began showing signs of supplanting the automobile as the status symbol favoured by Americans for stating their status claims.’Google Scholar
  4. 4.
    Housing Monitoring Team, op. cit.Google Scholar
  5. 5.
    Equal Opportunities Commission: It’s not your business, it’s how the society works: the experience of married applicants for joint mortgages’ (Report of a survey carried out by the Consumers’ Association Sùrvey Unit for the Equal Opportunities Commission), 1978.Google Scholar
  6. 6.
    Equal Opportunities Commission, op. cit. p. 1.Google Scholar
  7. 7.
    Ibid. pp. 6–7.Google Scholar
  8. 8.
    Commission on the Third London Airport (Roskill Commission) (HMSO, 1970).Google Scholar
  9. 9.
    Williams, P., ‘Building Societies and the Inner City’. Working Paper No. 54, November 1977 (Centre for Urban and Regional Studies, University of Birmingham).Google Scholar
  10. 10.
    Williams, P., op. cit. p. 2.Google Scholar
  11. 11.
    Ibid. p. 19, footnote 11, which brings together a large number of studies on ‘red-lining’.Google Scholar
  12. 12.
    Weir, S., ‘Red line districts’, Roof (Shelter), July 1976, p. 114.Google Scholar
  13. 13.
    Kahn, V. A., ‘Priorities for Local Authority Mortgage Lending: A Case Study of Birmingham’. Research Memorandum No. 52, May 1976 (Centre for Urban and Regional Studies, University of Birmingham).Google Scholar
  14. 14.
    Wintour cites the example of a finance company charging an interest rate of 26% per annum to a family in Birmingham. Wintour, J., ‘Inner city obstacle course’, Roof (Shelter), March 1978, p. 48.Google Scholar
  15. 15.
    Kahn, V. A., op. cit. p. 19.Google Scholar
  16. 16.
    McKintosh, N., ‘Mortgage support scheme holds the lending lines’, Roof (Shelter), March 1978, p. 44.Google Scholar

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© T. J. Gough 1982

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  • T. J. Gough

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