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1109209

	registered interest
	date	02/04/2019
	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, if she will make an assessment of the effectiveness of replacing the Support for Mortgage Interest scheme with a loans-based system from April 2018.
	tabling member constituency	Weaver Vale
	tabling member printed	Mike Amesbury
	uin	240106
	answer	answer is ministerial correction date of answer 08/04/2019 answer text <p>Support for Mortgage Interest is designed to provide protection against the threat of repossession. The new loans system provides exactly the same level of support and provides exactly the same level of protection from repossession as the previous system. We continue to work closely with the lending industry to ensure the scheme delivers its intended aim. The conversion of SMI from a benefit to a loan is estimated to save around £140m in welfare spending.</p><p> </p><p>The Department is using evidence from a number of sources to assess the impact of the conversion to a loan on an on-going basis, including management information on claimant take up and feedback from stakeholder groups, including via our regular liaison with UK Finance, to assess whether there are unintended consequences for particular groups.</p> answering member constituency Colchester answering member printed Will Quince question first answered 08/04/2019 12:59:13 answering member 4423 label Biography information for Will Quince
	tabling member	4667 label Biography information for Mike Amesbury

1128350

	registered interest
	date	22/05/2019
	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, what support her Department provides to people with a support for mortgage interest loan (SMI) who need to move house but are unable to do so due to having an SMI loan secured on their property.
	tabling member constituency	Stevenage
	tabling member printed	Stephen McPartland
	uin	257581
	answer	answer is ministerial correction date of answer 05/06/2019 answer text <p>Owner-occupiers possess a valuable capital asset which may increase in value over time. It is reasonable to ask claimants who receive help towards the costs of this asset to repay that when they are able to. Most SMI claimants already have significant equity accrued upon take-up of an SMI loan and those with an SMI loan secured against their property are likely to continue accruing value beyond the repayment of an SMI loan, facilitating a move if necessary.</p> answering member constituency Colchester answering member printed Will Quince question first answered 05/06/2019 16:07:13 answering member 4423 label Biography information for Will Quince
	tabling member	4093 label Biography information for Stephen McPartland

1131397

	registered interest
	date	11/06/2019
	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, what support his Department provides for disabled individuals who need to move due to the changing nature of their disabilities but may be prevented from doing so due to the recovery of a Support for Mortgage loan.
	tabling member constituency	Stevenage
	tabling member printed	Stephen McPartland
	uin	263148
	answer	answer is ministerial correction date of answer 17/06/2019 answer text <p>Over time someone’s house is likely to increase in value, so it is reasonable to expect those who have received taxpayers’ help towards their mortgage to repay from the equity released when the property is sold. However, the repayment of the loan should not be a barrier to people improving their lives. We have considered this and I am pleased to announce that we will be introducing the option for home-owners to defer repayment of their SMI loan when moving to a new home. This means that claimants who need to move, for example, because of the changing nature of a disability or for better career opportunities, are not prevented from doing so. These new arrangements require changes to regulations which I will bring forward as soon as the Parliamentary timetable allows.</p> answering member constituency Colchester answering member printed Will Quince question first answered 17/06/2019 09:30:14 answering member 4423 label Biography information for Will Quince
	tabling member	4093 label Biography information for Stephen McPartland

1143137

	registered interest
	date	02/09/2019
	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 Support for Mortgage Interest loans are attached to current universal Credit claims.
	tabling member constituency	Birkenhead
	tabling member printed	Frank Field
	uin	284578
	answer	answer is ministerial correction date of answer 06/09/2019 answer text <p>Some homeowners in receipt of Universal Credit, along with other qualifying benefits, may be able to get help towards interest payments on their mortgage or loans taken out for certain repairs and improvements to their home. This help is called Support for Mortgage Interest (SMI). Assistance is paid as a loan normally paid direct to the lender, which needs to be repaid with interest when a home is sold or ownership is transferred.</p><p> </p><p>There were 450 households on Universal Credit on 13th June 2019 that were in receipt of SMI loan payments.</p><p> </p><p><strong>Note:</strong></p><ol><li>Figures have been rounded to the nearest 10.</li></ol> answering member constituency Colchester answering member printed Will Quince question first answered 06/09/2019 13:28:48 answering member 4423 label Biography information for Will Quince
	tabling member	478 label Biography information for Lord Field of Birkenhead

1143138

	registered interest
	date	02/09/2019
	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 Support for Mortgage Interest Loans have been repaid since April 2018.
	tabling member constituency	Birkenhead
	tabling member printed	Frank Field
	uin	284563
	answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>Since 1 April 2018 there have been 647 Support for Mortgage Interest Loans repaid in Great Britain and 36 have been repaid in Northern Ireland.</p> answering member constituency Colchester answering member printed Will Quince question first answered 09/09/2019 11:08:14 answering member 4423 label Biography information for Will Quince
	tabling member	478 label Biography information for Lord Field of Birkenhead