Support for Mortgage Interest

(asked on 5th March 2018) - View Source

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.


Answered by
Kit Malthouse Portrait
Kit Malthouse
This question was answered on 9th March 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.

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