§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer whether he will publish in theOfficial Report a table showing for each year since 1981 the increase in mortgage funds for housing together with the increase in the value of the houses sold by reference to stamp duty or otherwise.
§ Mr. TrippierI have been asked to reply.
Information on numbers of houses purchased with mortgages and on the prices paid is available only from building societies, insurance companies and, from 1983, banks.
Following are the available estimates:
Purchases of dwellings with mortgage advances United Kingdom £ billion Gross advances Aggregate purchase price Amount Increase over previous year Amount Increase over previous year Excluding banks 1981 13.0 2.2 19.0 2.3 1982 16.8 3.8 21.9 2.9 1983 20.4 3.6 26.3 4.4 Including banks 1983 25.0 not available 31.8 not available 1984 29.0 4.0 37.3 5.5 1985 33.6 4.6 41.7 4.4 1986 47.5 13.9 56.8 15.1 1987 50.2 2.8 56.9 0.1 Note:
Information on the gross amount of advances by other financial institutions, including some of the specialised mortgage lenders, and on the number and price of the dwellings purchased is not available.
754W
§ Mr. Brooke[holding answer 28 July 1988]: The information requested for social science research undertaken outside the Department is as follows: