§ Mr. Marlowasked the Secretary of State for the Environment what proportion of current mortgage holders will, at 15 per cent. interest, be paying less in monthly repayments in real terms, than they were when their mortgages were originally contracted; and what is the total number of mortgages currently outstanding.
§ Mr. Geoffrey FinsbergVery approximately, two-thirds of building society mortgagors, ignoring tax relief. There are just over 5 million such mortgages in total.