HC Deb 08 March 1966 vol 725 c467W
Mr. Maudling

asked the Minister of Housing and Local Government what proportion of those people currently buying their houses on mortgage will benefit from the new proposals; and what will be the average amount of the annual benefit.

Mr. Crossman

It is estimated that about 4¼ million people are currently paying interest on house mortgages, and that the Government's proposals will be of appreciable benefit to about 1¼ million of them. Since the individual benefit will vary with the terms of the mortgage, the size of the mortgage debt and the mortgagor's existing and potential income a figure of average benefit would be both difficult to calculate and misleading.

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