Support for Mortgage Interest

(asked on 21st November 2017) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what assessment he has made of the effect of the changes to support for mortgage interest, to be introduced in April 2018, on individuals with shared ownership of their property.


Answered by
Caroline Dinenage Portrait
Caroline Dinenage
This question was answered on 27th November 2017

Eligibility for SMI loans and the type and level of provision offered will be the same as for SMI as a benefit to provide the same protection against repossession. Any charges placed to secure the SMI loan will only be placed on the claimant’s share of the equity in the property. Help with a shared owner’s rental liability will be available as now, through Housing Benefit or Universal Credit.

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