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Mortgages: Government Assistance

Department for Work and Pensions written question – answered on 21st December 2017.

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Photo of Anne-Marie Trevelyan Anne-Marie Trevelyan Conservative, Berwick-upon-Tweed

To ask the Secretary of State for Work and Pensions, how much Support for Mortgage Interest has been paid in each of the last five years; and what the maximum individual payment is in any single year.

Photo of Caroline Dinenage Caroline Dinenage The Parliamentary Under-Secretary of State for Work and Pensions

Support for Mortgage Interest (SMI) expenditure and caseload estimates are provided in DWP Benefit expenditure and caseload tables. The table below shows the estimated expenditure on SMI in the last 5 years:

2013/14

2014/15

2015/16

2016/17

2017/18

£287m

£256m

£240m

£209m

£205m

The maximum individual payment of SMI over the course of a year is currently £6,240. Within the last 5 years it has been £7,260 (2014/15) in a year.

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