§ 24. Mr. StreeterTo ask the Chancellor of the Exchequer what estimate he has made of the financial effect on a household with a typical mortgage of the changes in mortgage interest rates over the last two years.
§ Sir John CopeWhen the latest base rate cut feeds through to mortgage rates on 1 December, interest payments on an average £33,000 mortgage will have fallen by over £110 a month, compared with payments two years ago, and by over £130 a month compared with the mid-1990 peak.