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Mortgages: The Case for Index-Linking

Published online by Cambridge University Press:  26 March 2020

J. D. Whitley
J. D. Whitley*
Affiliation:
National Institute of Economic and Social Research
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Extract

Much attention has been paid recently to the activities of building societies and their influence on the housing market. Criticism has been largely directed towards the destabilising effects of the present methods of financing house purchase, in which borrowing and lending rates tend to be ‘sticky’ with the result that the availability of mortgages goes through the familiar ‘feast and famine’ cycle.

Type
Articles
Information
National Institute Economic Review , Volume 70 , November 1974 , pp. 75 - 79
Copyright
Copyright © 1974 National Institute of Economic and Social Research

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Footnotes

The author wishes to acknowledge the helpful comments on an earlier draft of the article made by C. G. Fane and other members of the National Institute staff.

References

Black, J., ‘A new system for mortgages’, Lloyds Bank Review, January 1974.Google Scholar