§ Mrs. Lena Jegerasked the Minister of Housing and Local Government what is the number of applications, successful and unsuccessful, which have been dealt with to date under the option mortgage scheme.
§ Mr. MacCollNo information is available of the numbers of applications for mortgages of any kind. However, according to information from a group of the largest building societies, about 4 per cent. or some 160,000 out of existing borrowers who had to make their decision by 31st December, 1967, changed to option mortgages, and some 10 per cent. of successful new applicants are choosing them, which will mean 50,000 a year if the trend continues.
120Wbut could doubtless be obtained by the hon. Member from the local planning authority, the West Suffolk County Council.