§ Mr. D. E. Thomasasked the Secretary of State for Wales what percentage of advances made by building societies to borrowers in Wales was made to first-time buyers in each of the last 10 years.
§ Mr. John MorrisThe percentages for the years 1969–74 are given in the table below. Figures for 1968 and earlier years are not available.
Percentage of mortgages made to first-time buyers 1969 64 1970 62 1971 65 1972 65 1973 57 1974 56
§ Mr. D. E. Thomasasked the Secretary of State for Wales if he will publish a table in the Official Report showing the 682W distribution of mortgage advances in Wales by type and age of dwelling during the latest year for which information is available.
§ Mr. John MorrisThis information is not readily available.
§ Mr. D. E. Thomasasked the Secretary of State for Wales (1) what proportion of the £2.5 million additional funds to aid the construction industry in Wales has been allocated to district councils for mortgage lending;
(2) what basis he used for distributing additional funds to district councils for mortgage lending; how much each council has received; and how many mortgages have been granted out of these funds.
§ Mr. John MorrisSo far £1 million has been allocated to enable local authorities to lend for house improvement purposes. None of the additional funds was made available for house purchase as the primary aim is assistance to the construction industry. The distribution was made primarily on the basis of the amount lent by each district council and its predecessors over the past three years, weighted according to population and the need to cater for anomalies. The amount allocated to each council is as follows:
683W
Name of Authority Allocation £ Alyn & Deeside DC 62,000 Colwyn 20,000 Delyn 4,000 Glyndwr DC 4,000 Rhuddlan DC 4,000 Wrexham Maelor BC 6,000 Carmarthen DC 8,000 Ceredigion DC 5,000 Dinefwr BC 4,000 Llanelli BC 37,000 Preseli DC 25,000 South Pembrokeshire DC 21,000 Blaenau Gwent BC 22,000 Islwyn BC 30,000 Monmouth DC 15,000 Newport BC 60,000 Torfaen BC 33,000 Aberconwy BC 4,000 Arfon DC 23,000 Dwyfor DC 4,000 Merionnydd DC 4,000 Ynys Mon BC 15,000 Cynon Valley BC 30,000 Merthyr Tydfil BC 12,000 Ogwr BC 75,000 Rhondda BC 43,000 Rhymney Valley DC 19,000 Taff Ely DC 21,000
Name of Authority Allocation £ Brecknock BC 10,000 Montgomery DC 5,000 Radnor DC 5,000 Cardiff CC 200,000 Vale of Glamorgan BC 20,000 Afan BC 56,000 Lliw Valley DC 16,000 Neath BC 18,000 Swansea CC 60,000 The information about the number of loans so far granted out of these funds is not available.
1970 1971 1972 1973 1974 Per cent. Per cent. Per cent. Per cent. Per cent. Option mortgages … 17 17 17 19 19 Other mortgages … 18 18 19 22 24