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Volume 205: debated on Friday 13 March 1992

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To ask the Chancellor of the Exchequer what is the average mortgage loan in (a) the United Kingdom, (b) France and (c) Germany.

The average outstanding mortgage in the United Kingdom was £27,200 in 1991–92. The average new mortgage in 1991Q4 was around £45,000. No directly comparable figures are available for France and Germany. However, the average mortgage loan issued by a leading lender in France is currently in the region of 370,000 French francs, while the average new loan advanced by the German mortgage banks was 270,000 deutschmarks in 1989.