Support for Mortgage Interest

(asked on 22nd March 2018) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, if her Department will make an assessment of the financial effect on people who move from the Support for Mortgage Interest benefit to the Support for Mortgage Interest loan.


Answered by
Kit Malthouse Portrait
Kit Malthouse
This question was answered on 27th March 2018

All existing claimants will be offered a support for mortgage interest loan paid at the same rate that is currently available as part of their benefit entitlement. The new loans-based support for mortgage interest will only affect claimants’ financial situation on the sale or transfer of the property, when the loan will be recovered from any available equity.

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