Mortgage Interest: Effects on Claimants

Part of Oral Answers to Questions — Work and Pensions – in the House of Commons at 12:00 am on 5 February 2018.

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Photo of Kit Malthouse Kit Malthouse The Parliamentary Under-Secretary of State for Work and Pensions 12:00, 5 February 2018

Mortgage support is being offered at exactly the same rate as currently. The only difference is that it is now being deferred as a loan recoverable against any equity available in the house should it be sold in the future. Current participants in the scheme should see absolutely no difference unless and until they sell or transfer the house, at which point the taxpayer will recover the support offered.