Mr. R. C. Mitchellasked the Secretary of State for the Environment how many local authorities have notified his Department that their mortgage lending rates are to be raised above 11 per cent.: and if he will make a statement.
§ Mr. KaufmanMy Department is aware of 22 local authorities in England which have raised, or are proposing to 355W raise, their variable mortgage rates above 11 per cent. This matter is being considered.