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House Prices And Mortgages

Volume 889: debated on Monday 7 April 1975

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asked the Secretary of State for the Environment what was the average dwelling price, average advance and average recorded income of borrower in the case of new mortgages on dwellings for owner occupation in England during each of the last five years.

:Following are figures relating to dwellings in England mortgaged to building societies during 1970 to 1974:

Average dwelling priceAverage advanceAverage recorded income of borrowers
£££
19705,0073,6101,928
19715,6914,1342,192
19727,5295,2682,492
197310,1756,2622,942
197411,1916,6253,432