§ Mr. Allan Robertsasked the Secretary of State for the Environment what the mortgage repayments will be on the average council dwelling sold at a discount of 50 per cent., 30 per cent. and 20 per cent., respectively, assuming mortgage interest rates of 14 per cent. and 15 per cent.
§ Mr. StanleyThe most recently published figures show the average sale price before discount of a council dwelling in England and Wales to be £11,550. The net annual repayments on a 25-year mortgage after tax relief at 30 per cent. would be:
Mortage interest rate 20 per cent. discount 30 per cent. discount 50 per cent. discount 14 per cent. £956 £837 £598 15 per cent. £1,014 £887 £634