§ 52. Mr. Deanasked the Minister of Housing and Local Government whether he will state the monthly payment required on a new mortgage of 80 per cent. at the rates currently recommended 229W by the Building Societies' Association where the period of repayment is 25 years, on the value of the average-priced house, where the mortgage was taken out on 1st October, 1964, and today, respectively.
§ Mr. MacCollOn the average priced new house mortgaged with building societies, the monthly payments are £18 7s. and £30 9s. respectively, before allowing for tax relief or option mortgage subsidy which would of course in many cases make a substantial difference.
§ 53. Mr. Deanasked the Minister of Housing and Local Government whether he will state the monthly payment required on a new mortgage of 80 per cent. at the rates currently recommended by the Building Societies' Association where the period of repayment is 25 years. on the value of houses costing £4,500, £7,000 and £10,000, respectively, and where the mortgage was taken out on 1st October, 1956, on 1st October, 1964. and today, respectively.
§ Mr. MacColl£23 9s., £36, 10s., and £65 3s. respectively, before allowing for tax relief or option mortgage subsidy.