Support for Mortgage Interest
(asked on 16th January 2018) - View Source
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, what estimate her Department has made of amount to be loaned to homeowners in the first year following the conversion of the Support for Mortgage Interest benefit to a loan.
This question was answered on 22nd January 2018
Based on the assumptions in the 2017 Impact Assessment available at:
http://www.legislation.gov.uk/ukia/2017/117/pdfs/ukia_20170117_en.pdf
the Department estimates that £156m will be loaned to homeowners in 2018/19, which is the first year following conversion of the Support for Mortgage Interest benefit to a loan.