Mortgages (Northern Region)

HC Deb 22 January 1976 vol 903 c535W

Mr. George Grant

asked the Secretary of State for the Environment what percentage of mortgage advances made by building societies to borrowers in the Northern Region was made to first time buyers in each of the past 10 years.

Mr. Armstrong

Estimates are given in the table below. Figures for earlier years are not available.

Percentage of building society mortgages made to first-time purchasers
					Northern Region
1969	…	…	…	…	62
1970	…	…	…	…	60
1971	…	…	…	…	58
1972	…	…	…	…	62
1973	…	…	…	…	57
1974	…	…	…	…	51

Source: 5 per cent. sample survey of building society mortgages.