§ Mr. WillettsTo ask the Chancellor of the Exchequer what the average bank interest rate for mortgages has been since October 1995. [142478]
§ Miss Melanie JohnsonThe information requested falls within the responsibility of the National Statistician. I have asked him to reply.
Letter from Len Cook to Mr. David Willetts, dated 15 December 2000
As National Statistician I have been asked to reply to your recent question on bank interest rates for mortgages. (142478)The average rate on standard variable mortgage rate loans by a cross-section of banks between October 1995 and October 2000 was 7.73%. End-month observations of this rate from January 1996 to date are published by National Statistics in table 7.1L of Financial Statistics (series AJVR) or may be viewed on the National Statistics central database to which the House of Commons Library has access.