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Banks balance housing finance amid direct and indirect lending
Banks contribute to housing finance beyond direct home loans by funding building societies and supplying working capital to builders. In 1958 major banks advanced £115 million directly for home purchases and housing societies, with £27 million to construction and £174 million to manufacturing aiding components. Savings banks drive long term housing lending, surpassing £30 million in new loans, while licensing limits curb deposit usage.
MENTIONED IN THIS ARTICLE
Rive
Rural Bank
New South Wales
Savings Bank
Lalear
Australia