§ Ms HarmanTo ask the Secretary of State for the Environment, Transport and the Regions what the average mortgage payment was in London(a) in 1996 and (b) at the latest date for which figures are available. [152192]
§ Mr. RaynsfordBased on data from the Family Resources Survey, the estimated average mortgage payment for owner occupiers in London with an outstanding mortgage was:
£ per week 1996–97 64 1999–2000 82 Notes:
1. These figures are a combination of interest payments only, for those with interest-only mortgages, and interest payments plus capital repayments for those with repayment mortgages. It is not possible to separate the two.
2. Any insurance payments (eg endowment, mortgage protection or buildings insurance) are excluded.
3. The estimates are rounded to the nearest pound.
4. The period covered, in each case, is 1 April to 31 March.
Source:
Family Resources Survey (Department of Social Security)