Mortgages: Interest Payments

Department for Work and Pensions written question – answered on 7th March 2018.

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Photo of Stephanie Peacock Stephanie Peacock Opposition Whip (Commons)

To ask the Secretary of State for Work and Pensions, how much time his Department deemed adequate to provide sufficient notice to those in receipt of Support for Mortgage Interest of the impending changes scheduled for 5 April 2018.

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

The Department determines that 6 weeks is a sufficient time period for claimants to make a decision whether to take up the offer of an SMI loan. The Department ask that the loan agreement and charge form are returned soon as reasonably possible to enable them to be processed efficiently. A reminder is sent out after six weeks if the documents have not been received. Claimants may change their mind whether to take or decline a loan at any time.

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