§ Mr. Hardyasked the Secretary of State for the Environment what sums have been spent within the housing investment programme by each local authority in the Yorkshire and Humberside region in each of the years from and including 1979.
§ Sir George YoungHousing investment programme expenditure by each local authority in the Yorkshire and Humberside region in each of the financial years between 1978–79 and 1984–85 is as follows:
£45,000 and £50,000, for tenants of two, five, 10, 15, 20 and 30 years' standing (a) by outright purchase and (b) by purchase of 25 per cent., 50 per cent., and 75 per cent. shared ownership.
§ Sir George YoungUsing a typical building society mortgage interest rate of 12.75 per cent. per year, and 531W assuming a 100 per cent. mortgage for a term of 25 years, the weekly mortgage repayments, net of tax relief, would be as follows:
Net weekly mortgage repayments A. Outright purchase Value (£000's) Discount percentage 20 25 30 35 40 45 50 32 26.40 33.00 39.60 46.20 52.80 *56.80 *64.55 35 25.24 31.54 37.85 44.16 50.47 56.78 *61.70 40 23.29 29.12 34.94 40.77 46.59 52.41 58.24 45 21.35 26.69 32.03 37.37 42.71 48.04 53.38 50 19.41 24.27 29.11 33.97 38.82 43.68 48.53 60 15.53 19.41 23.29 27.18 31.06 34.94 38.82 * These mortgage loans exceed the tax relief threshold of £30,000 and payments are therefore calculated in a slightly different way from the other figures. The payments shown here are for the first year of the loan and would rise slightly in each subsequent year.
B. Purchase of 25 per cent. share Value (£000's) Discount percentage 20 25 30 35 40 45 50 32 6.60 8.25 9.90 11.55 13.20 14.85 16.50 35 6.31 7.89 9.46 11.04 12.62 14.20 15.77 40 5.82 7.28 8.74 10.19 11.65 13.10 14.56 45 5.34 6.67 8.01 9.34 10.68 12.01 13.35 50 4.85 6.07 7.28 8.49 9.71 10.92 12.13 60 3.88 4.85 5.82 6.79 7.76 8.74 9.71
C. Purchase of 50 per cent. share Value (£000's) Discount percentage 20 25 30 35 40 45 50 32 13.20 16.50 19.80 23.10 26.40 29.70 33.00 35 12.62 15.77 18.93 22.08 25.24 28.39 31.54 40 11.65 14.56 17.47 20.38 23.29 26.21 29.12 45 10.68 13.35 16.01 18.68 21.35 24.02 26.69 50 9.71 12.13 14.56 16.99 19.41 21.84 24.27 60 7.76 9.71 11.65 13.59 15.53 17.47 19.41
D. Purchase of 75 per cent. share Value (£000's) Discount percentage 20 25 30 35 40 45 50 32 19.80 24.75 29.70 34.65 39.60 44.55 49.50 35 18.93 23.66 28.39 33.12 37.85 42.59 47.32 40 17.47 21.84 26.21 30.57 34.94 39.31 43.68 45 16.01 20.02 24.02 28.03 32.03 36.03 40.04 50 14.56 18.20 21.84 25.48 29.12 32.76 36.40 60 11.65 14.56 17.47 20.38 23.29 26.21 29.12