§ Mr. AllenTo ask the Chancellor of the Exchequer, pursuant to his answer of 18 July,Official Report, column 251–52, on mortgage payments, if he will update the table and give the information on a monthly basis.
§ Mr. MaudeThe current costs net of basic rate relief for average new building society mortgages in the second quarter of 1988 are shown in the following table.
115W
Region Average new building society mortgages Quarter 2, 1988 £ June 19882 £ Current3 £ Increase £ Scotland 24,200 148.23 173.18 24.95 Northern Ireland 24,300 148.84 173.90 25.06 United Kingdom 32,900 207.43 242.36 34.93 1 Assuming endowment mortgage, net of basic rate tax relief. 2 At an interest rate of 9.8 per cent. 3 At an interest rate of 11.45 per cent.