Mortgage Interest Rates (Hansard, 22 February 1990)

HC Deb 22 February 1990 vol 167 c891W 891W

§ Mr. Gould
To ask the Secretary of State for the Environment what was the average gross mortgage rate of the building societies from March 1974 to May 1979; and what was the corresponding figure for June 1979 to January 1990.

§ Mr. Chris Patten
The estimated average gross mortgage interest rates of building societies for the periods March 1974 to May 1979 and June 1979 to December 1989 are 10.8 per cent. and 12.5 per cent. respectively.