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984765

registered interest
date	10/10/2018
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 estimate she has made of the number of occasions the time taken to authorise payment following an application for a Support for Mortgage Interest loan has exceeded her Departmental expectation of two weeks.
tabling member constituency	Weaver Vale
tabling member printed	Mike Amesbury
uin	177818
answer	answer is ministerial correction date of answer 15/10/2018 answer text <p>Where a claimant expresses an interest in taking up the offer of an SMI loan they will be sent a loan agreement and charge form to complete and return. They also receive detailed guidance on how to complete these documents.</p><p> </p><p>The Department determines that 6 weeks is a sufficient time period for claimants to make a decision whether to take up the offer of an SMI loan. The Department ask that the loan agreement and charge form are returned as soon reasonably possible to enable them to be processed efficiently. A reminder is sent out after six weeks if the documents have not been received. Claimants may change their mind whether to take or decline a loan at any time.</p><p> </p><p>Returned forms are checked for accuracy, and if correctly completed we would expect that, in the majority of cases, SMI Loan payments would be authorised within two weeks but this is dependent upon claimants benefit pay cycle.</p><p> </p><p>The Department does not hold the data requested regarding how often payments are authorised within two weeks.</p> answering member constituency North Swindon answering member printed Justin Tomlinson question first answered 15/10/2018 13:52:59 answering member 4105 label Biography information for Justin Tomlinson
tabling member	4667 label Biography information for Mike Amesbury

843683

registered interest
date	19/02/2018
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 her Department is taking to ensure that people and organisations which offer advice on changes to the Support for Mortgage Interest scheme are appropriately qualified and regulated.
tabling member constituency	Weaver Vale
tabling member printed	Mike Amesbury
uin	128024
answer	answer is ministerial correction date of answer 22/02/2018 answer text <p>All current recipients of Support for Mortgage Interest will be contacted and given information about the changes. They will not be given financial advice but will be informed that such advice is available should they require it. Organisations offering financial advice are regulated by the Financial Conduct Authority.</p> answering member constituency North West Hampshire answering member printed Kit Malthouse question first answered 22/02/2018 12:24:52 answering member 4495 label Biography information for Kit Malthouse
tabling member	4667 label Biography information for Mike Amesbury

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