United Kingdom · Question · Written question
UIN 93495
Support for Mortgage Interest
Original
Introduced
22 November 2022
Last action
28 November 2022 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
28 November 2022
Summary
To ask the Secretary of State for Work and Pensions, if he will take steps to increase Support for Mortgage Payments to reflect interest rate rises.
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Timeline
22 November 2022
Written question
To ask the Secretary of State for Work and Pensions, if he will take steps to increase Support for Mortgage Payments to reflect interest rate rises.
Source: Commons
28 November 2022
Answer
Support for Mortgage Interest (SMI) is calculated using a standard interest rate that is based on the Bank of England’s monthly published average mortgage rate. Any increase in SMI payments will occur when the Bank of England’s average monthly mortgage ra...
Source: Written answer
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Sponsors
- · Department for Work and Pensions · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2022-11-22/93495
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1544522
- uk · wq-1544522 · source updated 28 November 2022