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816971

	registered interest
	date	05/01/2018
	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 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.
	tabling member constituency	Weaver Vale
	tabling member printed	Mike Amesbury
	uin	121398
	answer	answer is ministerial correction date of answer 10/01/2018 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 answering member printed Kit Malthouse question first answered 10/01/2018 15:24:58 answering member 4495 label Biography information for Kit Malthouse
	tabling member	4667 label Biography information for Mike Amesbury

816915

	registered interest
	date	05/01/2018
	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, for what reasons his Department decided against the introduction of a transitional protection period for people claiming support for mortgage interest after April 2018.
	tabling member constituency	Leeds North West
	tabling member printed	Alex Sobel
	uin	121342
	answer	answer is ministerial correction date of answer 11/01/2018 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> answering member constituency North West Hampshire answering member printed Kit Malthouse question first answered 11/01/2018 12:33:27 answering member 4495 label Biography information for Kit Malthouse
	tabling member	4658 label Biography information for Alex Sobel