§ Mr. Wigleyasked the Secretary of State for Wales what were the average advance, average recorded income of borrower, average dwelling price and proportion of option mortgages in the case of housing loans by local authorities in Wales during each of the last 10 years.
§ Mr. Alec JonesI regret that this information is not available.
§ Mr. Wigleyasked the Secretary of State for Wales what was the ceiling on the allocation of money made available by central Government to local authorities in Wales for the purpose of mortgage lending during each of the last 10 years; and whether he has any plans to alter the present ceiling.
§ Mr. Alec JonesAllocations of money to local authorities in Wales for house purchase in the last 10 financial years are set out below:
Financial Years Allocation £m. 1965–66 … … … … 9.1 1966–67 … … … … 9.1 1967–68 … … … … 9.1 1968–69 … … … … 6.8 1969–70 … … … … 4–0 1970–71 … … … … 10.5 From 1971–72 onwards, local authorities have been permitted to lend without limit to borrowers in certain specified categories.
No ceiling 1971–72 1972–73 1973–74 1974–75 The question of whether there should now be a ceiling is under consideration.