§ Mr. Austin MitchellTo ask the Secretary of State for the Environment, whether, further to his written reply dated 27 July concerning mortgage advances—Official Report, column 757—he will provide separate figures for the banks and insurance companies, respectively, from 1983 together with his estimate of the value of the average mortgage in each case.
§ Mr. TrippierThe figures requested are shown in the table.
81W
Purchases of dwellings with mortgage advances, United Kingdom Gross Advance Aggregate purchase price Average mortgage £ Amount £bn Increase over previous year £bn Amount £bn Increase over previous year £bn £ Lending Institution Banks 1983 4.6 N.A. 5.5 N.A. 22,500 1984 3.9 -0.7 4.5 -1.0 29,000 1985 6.2 2.3 7.3 2.8 30,900 1986 9.2 3.0 10.5 3.2 32,900 1987 13.2 4.0 12.5 2.0 36,600
Gross Advance Aggregate purchase price Average mortgage £ Amount £bn Increase over previous year £bn Amount £bn Increase over previous year £bn £ Lending Institution Insurance Companies 1983 0.6 0.2 0.7 0.2 22,500 1984 0.6 0.0 0.7 0.0 23,500 1985 0.6 0.0 0.8 0.1 25,800 1986 1.1 0.5 1.4 0.6 30,200 1987 1.5 0.4 2.0 0.6 34,200