Proceeding contribution from Nicholas Winterton (Conservative) in the House of Commons on Wednesday, 7 April 2010. It occurred during Debate on bill and Committee of the Whole House (HC) on Finance Bill.

Finance Bill

The hon. Gentleman has just talked about the amount that individual first-time buyers might need to put down to obtain a mortgage from a bank or building society. However, I hope he will accept that part of the problem in this country was that we were giving people too much money to buy houses with. In some cases Northern Rock was giving people 125 per cent. of the capital value. That surely led to some of the problems. Is there a figure that the hon. Gentleman believes it would be right for people to put down as a meaningful deposit on a mortgage?

Secondary information

Type: Proceeding contribution
Reference: 508 c1080
Session: 2009-10
Chamber / Committee: House of Commons chamber
Subjects: Corporation tax Capital investment Cider Income tax Excise duties Fuels Double taxation Economic situation Pensions National insurance contributions Taxation Tobacco Stamp duties Smuggling First time buyers Stamp duty land tax
Legislation: Finance Bill 2009-10
Link: View this Proceeding contribution on www.publications.parliament.uk

Finance Bill

Secondary information

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