HC Deb 18 June 1979 vol 968 cc446-7W
Mr. Joseph Dean

asked the Secretary of State for the Environment if he will list the mortgage repayments on the purchase of a post.war two bedroom, three bedroom and four bedroom council house, at the discounts of 50 per cent., 40 per cent., 30 per cent, and 20 per cent., based on a 15-year mortgage being obtained on current valuations and mortgage rates.

Mr. Geoffrey Finsberg

The initial monthly repayment on a 100 per cent, local authority mortgage, at an interest rate of 10.5 per cent., granted for the purchase of the typical English council dwelling sold during 1978.79 would have been as follows for different rates of discount:

Rate of discount Initial monthly repayment
20 per cent. 97
30 per cent. 85
40 per cent. 73
50 per cent. 61

I regret that this information is not available for particular types of council dwellings sold.