Mortgage Interest Payments

Part of Oral Answers to Questions — Work and Pensions – in the House of Commons at 2:30 pm on 18 October 2010.

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Photo of Steve Webb Steve Webb The Minister of State, Department for Work and Pensions 2:30, 18 October 2010

We are in discussions with mortgage lenders about the scope for them to freeze benefit claimants' mortgage accounts and apply a standard interest rate for a fixed period. In return for lenders receiving up-front interest payments from the Government, claimants getting help with their payments would not accrue any arrears or face the threat of repossession.