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United Kingdom · Question · Written question

UIN 17151

Support for Mortgage Interest

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

13 June 2022

Last action

22 June 2022 · Answer

Status

Answered

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Subjects

Discovery layer

Source updated

22 June 2022

Summary

To ask the Secretary of State for Work and Pensions, whether Support for Mortgage Interest payments are in line with the increase in interest rates made by mortgage providers.

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Timeline

  1. 13 June 2022

    Written question

    To ask the Secretary of State for Work and Pensions, whether Support for Mortgage Interest payments are in line with the increase in interest rates made by mortgage providers.

    Source: Commons

  2. 22 June 2022

    Answer

    Support for Mortgage Interest is calculated using a standard interest rate which is set at a level equal to the Bank of England's published monthly average mortgage interest rate. The rate is currently 2.09%, changes to that rate will occur when the Bank ...

    Source: Written answer

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