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Variable Rate Mortgages

Volume 404: debated on Tuesday 29 April 2003

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To ask the Chancellor of the Exchequer if he will list the share of the mortgage market occupied by variable rate mortgages in (a) the UK, (b) the USA and (c) member states of the EU, as referred to in paragraph 2.79 of the 2003 Budget (HC 500). [110244]

Information on the USA and UK mortgage lending can be obtained respectively via the Federal Housing Finance Board and Council of Mortgage Lenders websites (http://www.fhfb.gov and www.cml.org.uk). Data for European countries can be obtained via the European Mortgage Federation (www.hypo-org).