Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, what estimate she has made as to the savings that will be accrued to the public purse as a result of the replacement of support for mortgage Interest with a loans-based system from April 2018.
The introduction of Support for Mortgage Interest loans is about increasing fairness and sustainability. It will save £160 million per year in welfare spending whilst continuing to support homeowners to avoid the threat of repossession.