§ Mr. Walden
To ask the Chancellor of the Exchequer what is the average mortgage loan in(a) the United Kingdom, (b) France and (c) Germany.
§ Mr. Maples
The average outstanding mortgage in the United Kingdom was £27,200 in 1991–92. The average new mortgage in 1991Q4 was around £45,000. No directly comparable figures are available for France and Germany. However, the average mortgage loan issued by a leading lender in France is currently in the region of 370,000 French francs, while the average new loan advanced by the German mortgage banks was 270,000 deutschmarks in 1989.