Support for Mortgage Interest

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

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Photo of Mark Hendrick Mark Hendrick Labour/Co-operative, Preston

To ask the Secretary of State for Work and Pensions, what recent estimate her Department has made of the number of people who will lose their homes as a result of the ending of the Support for Mortgage Interest for claimants in receipt of Employment and Support Allowance.

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

Support for Mortgage Interest (SMI) claimants will have the option to take up the offer of an SMI loan when the SMI benefit scheme ends. The new loan scheme will continue to provide robust protection against repossession to all eligible claimants in times of need, with the level of support available being calculated in the same way as under the SMI benefit system. Claimants and mortgage lenders will not see any difference in the payments they receive and claimants will not be required to repay the loan until their property is sold or transferred subject to the availability of sufficient equity to repay the loan.

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