§ Dr. Lynne JonesTo ask the Secretary of State for the Environment what proposals he has to assist overcrowded owner-occupiers trapped by(a) negative equity and (b) low income.
§ Mr. BaldryReductions in average mortgage rates mean that they are now lower than at any time since March 1969, and mortgage repayments as a proportion of earnings are at their lowest since 1978. Mobility is also made easier by the raising of the ceiling on unsecured loans by building societies, and by measures in hand to allow the security of the new property to be substituted for that of the old without the loss of mortgage interest tax relief.