Page 4, 23rd September 1966

23rd September 1966
Page 4
Page 4, 23rd September 1966 — 3 bed., 2 rec. £2,000

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3 bed., 2 rec. £2,000

"OCEAN racer must sell smart Princes Gate mews . . . living here must be like being pressed between the pages of Jeffiners Diary—the nearest thing to the plebs I've met in the mews was a charming Hohenzollern Princess who professed Marxism."

Who else would try to sell a house with such chat but Roy Brooks. the estate agent whose Sunday paper advertisements have such a devoted readership. talked to him this week about the falling house prices. "It's about time," he said. "It's only the vested

Interests that keep things as they arc. In this country we tolerate inefficiency and racketeering without saying a word. I would like the price of a decent 3 bedroom house to he under £2,000. That would be

a realistic price based on construction costs."

What Mr. Brooks would really like to see is the Building Societies replaced by a "National House Bank". This would be Government administered with few overheads: "All the fantastic amount of money the Building Societies spend on advertising, prestige buildings and staff would be saved. For instance. they pay their directors something like £40,000 a year."

Mr. Brooks discovered this scheme in Norway where a local official—a judge or a civil servant— interviews the couple wanting a mortgage. If they seem suitable they are given 100 per cent. and repayments are geared to earnings. They start at about 30s..a week during the first years of marriage. rising as the husband's pay-packet increases.

"This," says Mr. Brooks, "ensures that every marriage can start in a decent home."

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