HC Deb 22 January 1979 vol 961 cc46-7W
Mr. Sainsbury

asked the Secretary of State for the Environment what is the average recommended building society rate of interest on new mortgages, weighted by length of applicability, for the periods June 1970 to February 1974 inclusive, and March 1974 to December 1978 inclusive.

Mr. Armstrong

Approximately 8.8 per cent. and 10.7 per cent. respectively.