HC Deb 20 April 1982 vol 22 cc62-3W
Mr. Austin Mitchell

asked the Chancellor of the Exchequer whether he will bring up to date the information on mortgage interest and life assurance premiums given in the replies to the hon. Members for Grimsby and Birkenhead (Mr. Field) on 11 March 1980, Official Report, c. 541–44.

Miss Richardson

asked the Chancellor of the Exchequer if he will update the information on mortgage interest provided in his reply to the hon. Member for Birkenhead (Mr. Field) on 11 March 1980, Official Report, c. 543–44.

Mr. Ridley

The information on mortgage interest relief is as follows—estimates relate to 1982–83. As regards the information on life assurance premiums, I refer the hon. Member for Grimsby to my reply to his question on 7 April.—[Vol. 21, c. 375–76.]

Range of total income £ Cost in a full year £ million Numbers receiving relief (000) Average relief per mortgagor £
10,000–12,000 330 1,010 330
12,000–15,000 360 980 360
15,000–17,000 150 340 450
17,000–20,000 170 290 590
20,000–30,000 240 280 830
over 30,000 120 100 1,290
2,180 5,800 375

The information is in terms of tax units—that is married couples are counted as one and their income aggregated.