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776926

	registered interest
	date	24/10/2017
	answering body	Department for Work and Pensions
	answering dept id	29
	answering dept short name	Work and Pensions
	answering dept sort name	Work and Pensions
	hansard heading	Support for Mortgage Interest
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Work and Pensions, following the support for mortgage interest changes in April 2018, with what frequency interest will be applied.
	tabling member constituency	Bishop Auckland
	tabling member printed	Helen Goodman
	uin	109224
	answer	answer is ministerial correction date of answer 30/10/2017 answer text <p>Interest on Support for Mortgage Interest loans will accrue daily and shall be added to the outstanding amount at the end of each month.</p> answering member constituency Gosport answering member printed Caroline Dinenage question first answered 30/10/2017 12:42:54 answering member 4008 label Biography information for Dame Caroline Dinenage
	tabling member	1484 label Biography information for Helen Goodman

776925

	registered interest
	date	24/10/2017
	answering body	Department for Work and Pensions
	answering dept id	29
	answering dept short name	Work and Pensions
	answering dept sort name	Work and Pensions
	hansard heading	Support for Mortgage Interest
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Work and Pensions, how many claimants will be affected by the changes to the support for mortgage interest due to take place in April 2018.
	tabling member constituency	Bishop Auckland
	tabling member printed	Helen Goodman
	uin	109223
	answer	answer is ministerial correction date of answer 30/10/2017 answer text <p>I refer the Hon. Member to the answer I gave on 13 September 2017 to Question <a href="http://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Commons/2017-09-07/9506/" target="_blank">9506</a>.</p> answering member constituency Gosport answering member printed Caroline Dinenage question first answered 30/10/2017 12:41:54 answering member 4008 label Biography information for Dame Caroline Dinenage
	tabling member	1484 label Biography information for Helen Goodman

776928

	registered interest
	date	24/10/2017
	answering body	Department for Work and Pensions
	answering dept id	29
	answering dept short name	Work and Pensions
	answering dept sort name	Work and Pensions
	hansard heading	Support for Mortgage Interest
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Work and Pensions, how the interest rate will be set, following support for mortgage interest changes in April 2018.
	tabling member constituency	Bishop Auckland
	tabling member printed	Helen Goodman
	uin	109240
	answer	answer is ministerial correction date of answer 30/10/2017 answer text <p>A Standard Interest Rate (SIR) based on the Bank of England’s published monthly average mortgage interest rate is used to calculate the amount paid towards the interest on a claimant’s mortgage and / or loan. This rate is based on information from banks and building societies and reflects an average of current mortgage interest rates on UK loans. The current rate (from June 2017) is 2.61%.</p><p> </p><p>Interest will be charged on SMI loans based upon the cost of gilts as published by the Office for Budget Responsibility (OBR). This rate reflects the cost of Government borrowing. The Gilt Rate Forecast for 2017-18 is 1.5% as specified in the latest Economic and Fiscal Outlook published on the 8th March 2017 by the OBR and the current forecast for 2018-19 is 1.7%.</p> answering member constituency Gosport answering member printed Caroline Dinenage question first answered 30/10/2017 12:47:06 answering member 4008 label Biography information for Dame Caroline Dinenage
	tabling member	1484 label Biography information for Helen Goodman

776927

	registered interest
	date	24/10/2017
	answering body	Department for Work and Pensions
	answering dept id	29
	answering dept short name	Work and Pensions
	answering dept sort name	Work and Pensions
	hansard heading	Support for Mortgage Interest
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Work and Pensions, who will be administering the support for mortgage interest changes due to take place in April 2018.
	tabling member constituency	Bishop Auckland
	tabling member printed	Helen Goodman
	uin	109225
	answer	answer is ministerial correction date of answer 30/10/2017 answer text <p>The registration of charges on a claimant’s property and loan arrangements will be managed by the Department for Work and Pensions.</p><p><strong> </strong></p> answering member constituency Gosport answering member printed Caroline Dinenage question first answered 30/10/2017 12:45:16 answering member 4008 label Biography information for Dame Caroline Dinenage
	tabling member	1484 label Biography information for Helen Goodman