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Mortgage Interest Rates

Volume 884: debated on Thursday 23 January 1975

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asked the Secretary of State for the Environment if he will list those local authorities which already charge or which have announced their intention of charging mortgage lending rates above 11 per cent.

Local authorities are not required to notify my Department of their current mortgage rates nor of an intention to increase their rates. From the information available to me, however, I understand that the local authorities listed below may have raised, or intend to raise, their variable mortgage rate above 11 per cent:

  • Braintree DC.
  • Breckland DC.
  • Bromley LB.
  • Broxbourne BC.
  • Cherwell DC.
  • Derwentside DC.
  • Harrow LB.
  • Hart DC.
  • Havering LB.
  • Hillingdon LB.
  • Huntingdon DC.
  • Kensington and Chelsea RLB.
  • Kingswood DC.
  • Lincoln DC.
  • Manchester CC.
  • North Wiltshire DC.
  • Northampton BC.
  • Portsmouth CC.
  • Redbridge LB.
  • Sheffield DC.
  • Stevenage DC.
  • Southampton CC.
  • Stockton-on-Tees DC.
  • Thanet DC.
  • Torbay DC.
  • Waverley DC.
  • Windsor and Maidenhead DC.