§ Mr. Winnickasked the Minister of Housing and Local Government if he will give figures for the number of people who have taken advantage so far of the option mortgage scheme.
§ Mr. GreenwoodAccording to information from nine of the largest building societies, during September and October one new borrower in ten has been taking an option mortgage. Existing borrowers from a few building societies had to decide by 30th September whether to switch to option mortgages, and about 5 per cent. of these have done so. Most existing borrowers have until 31st December to make their choice.