§ Mr. CousinsTo ask the Chancellor of the Exchequer what percentage of mortgages were re-mortgages of the same property, and if he will estimate the size of mortgage equity withdrawal, in each year since 1997. [103424]
§ Ruth KellyThe Council for mortgage lenders reported that 51 per cent. of mortgages were re-mortgages in January 2003. Bank of England publish figures for mortgage equity withdrawal in terms of both the level and as a percentage of disposable income on their website at: www.bankofengland.co.uk/mew.xls.