United Kingdom · Question · Written question
UIN 133806
Support for Mortgage Interest
Introduced
26 January 2023
Last action
1 February 2023 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
1 February 2023
Summary
To ask the Secretary of State for Work and Pensions, what steps he is taking to ensure the affordability of mortgages for people reliant on Support for Mortgage Interest, who have recently experienced an increase in their mortgage interest rates.
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Timeline
26 January 2023
Written question
To ask the Secretary of State for Work and Pensions, what steps he is taking to ensure the affordability of mortgages for people reliant on Support for Mortgage Interest, who have recently experienced an increase in their mortgage interest rates.
Source: Commons
1 February 2023
Answer
Support for Mortgage Interest (SMI) makes a contribution towards eligible mortgage interest to enable people to remain in their homes without fear of repossession. SMI is calculated by applying a standard rate of interest to the capital balance on the out...
Source: Written answer
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Sponsors
- · Department for Work and Pensions · Answering body
Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://questions-statements.parliament.uk/written-questions/detail/2023-01-26/133806
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1581365
- uk · wq-1581365 · source updated 1 February 2023