§ Mr. AllenTo ask the Chancellor of the Exchequer, pursuant to his answer of 18 June,Official Report, columns 114–16, on mortgage payments, if he will update the table and give the information on a monthly basis.
Monthly interest payment1 Region Average new building society mortgages Quarter 2 1988 June 19882 Current3 Increase £ £ £ £ Northern region 22,200 135.98 172.74 36.77 Yorkshire and Humberside 23,000 140.88 178.97 38.09 East Midlands 27,000 165.38 210.09 44.72 East Anglia 34,800 222.95 283.24 60.29 Greater London 54,900 387.10 491.78 104.68 South East 44,500 302.17 383.88 81.71 South West 34,900 223.77 284.28 60.51 West Midlands 28,100 172.11 218.65 46.54 North West 24,300 148.84 189.08 40.25 Wales 23,900 146.39 185.97 39.58 Scotland 24,200 148.23 188.31 40.08 Northern Ireland 24,300 148.84 189.08 40.25 United Kingdom 32,900 207.43 263.53 56.09 1 Assuming endowment mortgage, net of basic rate tax relief. 2 At an interest rate of 9.8 per cent. 3 At an interest rate of 12.45 per cent.