HC Deb 17 December 1975 vol 902 cc681-3W
Mr. D. E. Thomas

asked the Secretary of State for Wales what percentage of advances made by building societies to borrowers in Wales was made to first-time buyers in each of the last 10 years.

Mr. John Morris

The percentages for the years 1969–74 are given in the table below. Figures for 1968 and earlier years are not available.

Percentage of mortgages made to first-time buyers
1969 64
1970 62
1971 65
1972 65
1973 57
1974 56

Mr. D. E. Thomas

asked the Secretary of State for Wales if he will publish a table in the Official Report showing the distribution of mortgage advances in Wales by type and age of dwelling during the latest year for which information is available.

Mr. John Morris

This information is not readily available.

Mr. D. E. Thomas

asked the Secretary of State for Wales (1) what proportion of the £2.5 million additional funds to aid the construction industry in Wales has been allocated to district councils for mortgage lending;

(2) what basis he used for distributing additional funds to district councils for mortgage lending; how much each council has received; and how many mortgages have been granted out of these funds.

Mr. John Morris

So far £1 million has been allocated to enable local authorities to lend for house improvement purposes. None of the additional funds was made available for house purchase as the primary aim is assistance to the construction industry. The distribution was made primarily on the basis of the amount lent by each district council and its predecessors over the past three years, weighted according to population and the need to cater for anomalies. The amount allocated to each council is as follows:

Name of Authority Allocation
Alyn & Deeside DC 62,000
Colwyn 20,000
Delyn 4,000
Glyndwr DC 4,000
Rhuddlan DC 4,000
Wrexham Maelor BC 6,000
Carmarthen DC 8,000
Ceredigion DC 5,000
Dinefwr BC 4,000
Llanelli BC 37,000
Preseli DC 25,000
South Pembrokeshire DC 21,000
Blaenau Gwent BC 22,000
Islwyn BC 30,000
Monmouth DC 15,000
Newport BC 60,000
Torfaen BC 33,000
Aberconwy BC 4,000
Arfon DC 23,000
Dwyfor DC 4,000
Merionnydd DC 4,000
Ynys Mon BC 15,000
Cynon Valley BC 30,000
Merthyr Tydfil BC 12,000
Ogwr BC 75,000
Rhondda BC 43,000
Rhymney Valley DC 19,000
Taff Ely DC 21,000
Name of Authority Allocation
Brecknock BC 10,000
Montgomery DC 5,000
Radnor DC 5,000
Cardiff CC 200,000
Vale of Glamorgan BC 20,000
Afan BC 56,000
Lliw Valley DC 16,000
Neath BC 18,000
Swansea CC 60,000

The information about the number of loans so far granted out of these funds is not available.

1970 1971 1972 1973 1974
Per cent. Per cent. Per cent. Per cent. Per cent.
Option mortgages 17 17 17 19 19
Other mortgages 18 18 19 2224