OPEN - ESDS

3. Qs 85 and 86 relate to instalmenta paid while
lhis means that an informant who has a charge
it up at the end of the month should be coded
Q 87 relates to arrangements.
card fOr example and who pays
yes at Q 87 and asked (a)-(d).
Q 85 co vsrs the most formal type of credit arrangement eg bank loan, second
rnortgage. Note that for 1988 Building SOcietY and SOCial Fund loans have
been added to list.
Q 86 cover hire purchase and credit sale agreements.
Q 87 covers other types of credit.
The questions are self explanatory and details of the different types of agreement
are givan balow. Howe ver when recording details of repayments, always ask
informant to look up loan documents or repayments card. This is particularly
important at Q’s 85 and 86.
Bank or finance house direct Q. 85
Where an informant has a H.P. agreement and paya the money direct to a finance
house the agreement should be coded at Q85. If the money is paid to a retailer
then treat as H .P. at Q86.
‘3%0 types of loan from banks/finance houses which should — not be included at this
question one:-
i. overdrafts - these should not be shown at Q. 85 at all
(if used to purchase car see Q. 81 otherwise ignore).
ii. second mortgage - see next section.
If an informant says that he has a personal loan from a bank/finance house you will
need to check carefully, as second mortgages and overdrafts are sometimes referred
to as ‘personal loans’ . lhe loan agreement should he 1P you distinguish which type
of loan the informant has.
second mortgage Q. 85
A ‘top-up’ or further mortgage is used to purchaae the accommodation. These should
already haws been entered at Q. 30-41 of the household schedule.
Second mortgages are sometius referred to as ‘personal loans’, ‘bank loans’ ,
‘budgat loan accounts’ or ‘overdraft facility’. The determining factor is the use
of a house as security for second mortgages. With the introduction of personal
loans by building societies it ia essential to probe cut detaila.
See glossary for second, top up and further mortgage definitions.
Loans from employer Q. 85
These are usually for household expenses, eg purchase of season ticket, car, meting
house.
A loan from an employer to purchase this accommodation should be treated as a
mortgage and should ba shown at Q 30-41.
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