Mortgages: Interest Payments

Department for Work and Pensions written question – answered on 23rd January 2018.

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Photo of Stewart McDonald Stewart McDonald Shadow SNP Spokesperson (Defence)

To ask the Secretary of State for Work and Pensions, when his Department plans to publish the updated terms and conditions of the replacement SMI loan scheme.

Photo of Kit Malthouse Kit Malthouse The Parliamentary Under-Secretary of State for Work and Pensions

The terms and conditions of the loan are set out in The Loans for Mortgage Interest Regulations 2017 (http://www.legislation.gov.uk/uksi/2017/725/made). A loan agreement has been sent (or will be sent) to all existing customers who wish to take up the offer of a Support for Mortgage Interest (SMI) loan.

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