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1109209
registered interest false more like this
date less than 2019-04-02more like thismore than 2019-04-02
answering body
Department for Work and Pensions more like this
answering dept id 29 more like this
answering dept short name Work and Pensions more like this
answering dept sort name Work and Pensions more like this
hansard heading Support for Mortgage Interest remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
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. more like this
tabling member constituency Weaver Vale more like this
tabling member printed
Mike Amesbury more like this
uin 240106 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-04-08more like thismore than 2019-04-08
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> more like this
answering member constituency Colchester more like this
answering member printed Will Quince more like this
question first answered
less than 2019-04-08T12:59:13.927Zmore like thismore than 2019-04-08T12:59:13.927Z
answering member
4423
label Biography information for Will Quince more like this
tabling member
4667
label Biography information for Mike Amesbury more like this
1128350
registered interest false more like this
date less than 2019-05-22more like thismore than 2019-05-22
answering body
Department for Work and Pensions more like this
answering dept id 29 more like this
answering dept short name Work and Pensions more like this
answering dept sort name Work and Pensions more like this
hansard heading Support for Mortgage Interest remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
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. more like this
tabling member constituency Stevenage more like this
tabling member printed
Stephen McPartland more like this
uin 257581 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-06-05more like thismore than 2019-06-05
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> more like this
answering member constituency Colchester more like this
answering member printed Will Quince more like this
question first answered
less than 2019-06-05T16:07:13.8Zmore like thismore than 2019-06-05T16:07:13.8Z
answering member
4423
label Biography information for Will Quince more like this
tabling member
4093
label Biography information for Stephen McPartland more like this
1131397
registered interest false more like this
date less than 2019-06-11more like thismore than 2019-06-11
answering body
Department for Work and Pensions more like this
answering dept id 29 more like this
answering dept short name Work and Pensions more like this
answering dept sort name Work and Pensions more like this
hansard heading Support for Mortgage Interest remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
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. more like this
tabling member constituency Stevenage more like this
tabling member printed
Stephen McPartland more like this
uin 263148 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-06-17more like thismore than 2019-06-17
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> more like this
answering member constituency Colchester more like this
answering member printed Will Quince more like this
question first answered
less than 2019-06-17T09:30:14.103Zmore like thismore than 2019-06-17T09:30:14.103Z
answering member
4423
label Biography information for Will Quince more like this
tabling member
4093
label Biography information for Stephen McPartland more like this
1143137
registered interest false more like this
date less than 2019-09-02more like thismore than 2019-09-02
answering body
Department for Work and Pensions more like this
answering dept id 29 more like this
answering dept short name Work and Pensions more like this
answering dept sort name Work and Pensions more like this
hansard heading Support for Mortgage Interest remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
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. more like this
tabling member constituency Birkenhead more like this
tabling member printed
Frank Field more like this
uin 284578 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-09-06more like thismore than 2019-09-06
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> more like this
answering member constituency Colchester more like this
answering member printed Will Quince more like this
question first answered
less than 2019-09-06T13:28:48.243Zmore like thismore than 2019-09-06T13:28:48.243Z
answering member
4423
label Biography information for Will Quince more like this
tabling member
478
label Biography information for Frank Field more like this
1143138
registered interest false more like this
date less than 2019-09-02more like thismore than 2019-09-02
answering body
Department for Work and Pensions more like this
answering dept id 29 more like this
answering dept short name Work and Pensions more like this
answering dept sort name Work and Pensions more like this
hansard heading Support for Mortgage Interest remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
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. more like this
tabling member constituency Birkenhead more like this
tabling member printed
Frank Field more like this
uin 284563 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-09-09more like thismore than 2019-09-09
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> more like this
answering member constituency Colchester more like this
answering member printed Will Quince more like this
question first answered
less than 2019-09-09T11:08:14.08Zmore like thismore than 2019-09-09T11:08:14.08Z
answering member
4423
label Biography information for Will Quince more like this
tabling member
478
label Biography information for Frank Field more like this
816915
registered interest false more like this
date less than 2018-01-05more like thismore than 2018-01-05
answering body
Department for Work and Pensions more like this
answering dept id 29 more like this
answering dept short name Work and Pensions more like this
answering dept sort name Work and Pensions more like this
hansard heading Support for Mortgage Interest remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Work and Pensions, for what reasons his Department decided against the introduction of a transitional protection period for people claiming support for mortgage interest after April 2018. more like this
tabling member constituency Leeds North West more like this
tabling member printed
Alex Sobel more like this
uin 121342 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-01-11more like thismore than 2018-01-11
answer text <p>Support for mortgage interest provides protection for home owners from the threat of repossession. The new loan scheme will provide exactly the same level of support and, thus, exactly the same level of protection against repossession. Claimants and mortgage lenders will not see any difference in the payments they receive and so there is no need to make any general transitional provisions.</p><p> </p><p>Some specific transitional provisions have been put in place which will allow for existing benefit payments to remain in place for a temporary period. These will apply if there are administrative delays in migrating some claimants to the new scheme or where there are difficulties in appointing someone to act on the claimant’s behalf.</p> more like this
answering member constituency North West Hampshire more like this
answering member printed Kit Malthouse more like this
question first answered
less than 2018-01-11T12:33:27.837Zmore like thismore than 2018-01-11T12:33:27.837Z
answering member
4495
label Biography information for Kit Malthouse more like this
tabling member
4658
label Biography information for Alex Sobel more like this
816971
registered interest false more like this
date less than 2018-01-05more like thismore than 2018-01-05
answering body
Department for Work and Pensions more like this
answering dept id 29 more like this
answering dept short name Work and Pensions more like this
answering dept sort name Work and Pensions more like this
hansard heading Support for Mortgage Interest remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Work and Pensions, what steps his Department has taken to make people in receipt of the Support for Mortgage Interest scheme aware of forthcoming changes to that scheme; and what assessment he has made of the long-term effect on the security of the recipients' homes as a result of people moving from a benefit to an interest-bearing loan. more like this
tabling member constituency Weaver Vale more like this
tabling member printed
Mike Amesbury more like this
uin 121398 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-01-10more like thismore than 2018-01-10
answer text <p>A managed transfer process has begun with all existing recipients of Support for Mortgage Interest (SMI) benefit receiving information about the new scheme in advance. The exercise to give SMI claimants information about the new scheme began in July 2017 and will continue until mid-February 2018.</p><p> </p><p>Claimants are given information about how the SMI loan will work, about alternatives to the loan and organisations that can offer further information. This is followed up by a telephone call to explain the information and answer any questions. A leaflet containing Frequently Asked Questions is issued to support this informed discussion.</p><p> </p><p>SMI loans will be available to all claimants who currently qualify for SMI as a benefit. The new loans scheme will continue to provide robust protection against repossession to all eligible claimants in times of need. The level of support available will be calculated in the same way as under the current system and claimants and mortgage lenders will not see any difference in the payments they receive. There is no reason to expect lenders to behave any differently to now and we do not anticipate that this measure will lead to an increase in the number of homes that are repossessed. Claimants may change their mind whether to take or decline a loan at any time.</p><p> </p><p>Recovery of SMI loans will not be pursued until the property is sold or transferred. If the amount of equity available after the sale of the property is less than the amount due to be recovered the balance will be written off.</p><p><strong> </strong></p>
answering member constituency North West Hampshire more like this
answering member printed Kit Malthouse more like this
question first answered
less than 2018-01-10T15:24:58.833Zmore like thismore than 2018-01-10T15:24:58.833Z
answering member
4495
label Biography information for Kit Malthouse more like this
tabling member
4667
label Biography information for Mike Amesbury more like this
820910
registered interest false more like this
date less than 2018-01-11more like thismore than 2018-01-11
answering body
Department for Work and Pensions more like this
answering dept id 29 more like this
answering dept short name Work and Pensions more like this
answering dept sort name Work and Pensions more like this
hansard heading Support for Mortgage Interest remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Work and Pensions, what other companies were considered along with SERCO for the contract on distributing the new support for mortgage payment loans. more like this
tabling member constituency Leeds North West more like this
tabling member printed
Alex Sobel more like this
uin 122328 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-01-18more like thismore than 2018-01-18
answer text <p>The contract was awarded following an open competition for which three bids were received and evaluated. The information requested is commercially sensitive so the names of bidding companies cannot be shared.</p> more like this
answering member constituency North West Hampshire more like this
answering member printed Kit Malthouse more like this
question first answered
less than 2018-01-18T14:31:04.993Zmore like thismore than 2018-01-18T14:31:04.993Z
answering member
4495
label Biography information for Kit Malthouse more like this
tabling member
4658
label Biography information for Alex Sobel more like this
823613
registered interest false more like this
date less than 2018-01-16more like thismore than 2018-01-16
answering body
Department for Work and Pensions more like this
answering dept id 29 more like this
answering dept short name Work and Pensions more like this
answering dept sort name Work and Pensions more like this
hansard heading Support for Mortgage Interest remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Work and Pensions, what estimate her Department has made of amount to be loaned to homeowners in the first year following the conversion of the Support for Mortgage Interest benefit to a loan. more like this
tabling member constituency Rutherglen and Hamilton West more like this
tabling member printed
Ged Killen more like this
uin 123073 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-01-22more like thismore than 2018-01-22
answer text <p>Based on the assumptions in the 2017 Impact Assessment available at:</p><p><a href="http://www.legislation.gov.uk/ukia/2017/117/pdfs/ukia_20170117_en.pdf" target="_blank">http://www.legislation.gov.uk/ukia/2017/117/pdfs/ukia_20170117_en.pdf</a></p><p>the Department estimates that £156m will be loaned to homeowners in 2018/19, which is the first year following conversion of the Support for Mortgage Interest benefit to a loan.</p> more like this
answering member constituency North West Hampshire more like this
answering member printed Kit Malthouse more like this
question first answered
less than 2018-01-22T15:29:07.98Zmore like thismore than 2018-01-22T15:29:07.98Z
answering member
4495
label Biography information for Kit Malthouse more like this
tabling member
4672
label Biography information for Ged Killen more like this
825449
registered interest false more like this
date less than 2018-01-18more like thismore than 2018-01-18
answering body
Department for Work and Pensions more like this
answering dept id 29 more like this
answering dept short name Work and Pensions more like this
answering dept sort name Work and Pensions more like this
hansard heading Support for Mortgage Interest remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text 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. more like this
tabling member constituency Glasgow South more like this
tabling member printed
Stewart Malcolm McDonald more like this
uin 123590 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-01-23more like thismore than 2018-01-23
answer text <p>The terms and conditions of the loan are set out in The Loans for Mortgage Interest Regulations 2017 (<a href="http://www.legislation.gov.uk/uksi/2017/725/made" target="_blank">http://www.legislation.gov.uk/uksi/2017/725/made</a>). 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.</p> more like this
answering member constituency North West Hampshire more like this
answering member printed Kit Malthouse more like this
question first answered
less than 2018-01-23T11:31:02.64Zmore like thismore than 2018-01-23T11:31:02.64Z
answering member
4495
label Biography information for Kit Malthouse more like this
tabling member
4461
label Biography information for Stewart Malcolm McDonald more like this