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Local Authority Mortgage Interest

Volume 885: debated on Wednesday 5 February 1975

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39.

asked the Secretary of State for the Environment how many local authorities have announced increases to above 11 per cent. in their mortgage interest rates; how many home owners are affected; and if he will now bring forward proposals to prevent those increases from taking place.

On the first part of the Question, I would refer the hon. Member to the answer given to my hon. Friend the Member for Southampton, Itchen (Mr. Mitchell) on 23rd January.—[Vol. 884, c. 498]. I have no figures of the number of house-owners affected.As to the last part of the Question, I refer the hon. Member to the answer given to my hon. Friend the Member for Bolton, West (Mrs. Taylor) on 27th January.—[Vol. 885,

43–4].