HC Deb 06 December 1978 vol 959 cc675-6W
28. Mr. Stokes

asked the Secretary of State for the Environment what is the average mortgage interest rate being paid by borrowers on local authority home loan schemes.

Mr. Freeson:

The estimated average interest rate charged for new loans to private borrowers by English local authorities at the end of September 1978 was 10.7 percent.