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Friday, 22 May 1970

Mr Whitlam asked the Minister representing the Minister for Housing, upon notice:

Has the Department of Housing made any checks of interest rates charged on second mortgage loans obtained by applicants under the Homes Savings Grant Scheme; if so, when were the checks made and what were the average rates.

Dr Forbes - The Minister for Housing has provided the following answer to the honourable member's question:

No. The Department is concerned to establish that an applicant has, or will have, sufficient finance to complete the transaction in respect of which a Homes Savings Grant is sought. It does not. however, seek details of the terms on which finance has been obtained nor are these usually supplied by the applicant.

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