HC Deb 03 March 1970 vol 797 cc54-5W
44. Mr. Allason

asked the Minister of Housing and Local Government what is his estimate of the monthly mortgage repayments for a 90 per cent. mortgage over 25 years on a new house costing £4,900.

Mr. Freeson

For a standard rate taxpayer who pays mortgage interest out of earned income, the net payment for a 90 per cent. mortgage over 25 years on a new house costing £4,900 would be £25 17s. 9d. a month in the first year of the mortgage.