Mortgage Repayment Assistance

Part of Oral Answers to Questions — Work and Pensions – in the House of Commons at 2:30 pm on 16 March 2009.

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Photo of Kitty Ussher Kitty Ussher Parliamentary Under-Secretary, Department for Work and Pensions 2:30, 16 March 2009

From 5 January, we have doubled to £200,000 the size of the mortgage on which support for mortgage interest—SMI—is paid, and we halved to 13 weeks the length of time people need to wait to qualify. While it is too early to have precise figures, our latest estimate is that this should help prevent about 10,000 repossessions per year.