Written question asked by Bob Stewart (Conservative) on Tuesday, 22 November 2022, in the House of Commons. It was due for an answer on Thursday, 24 November 2022. It was answered by Mims Davies (Conservative) on Monday, 28 November 2022 on behalf of the Department for Work and Pensions.
Support for Mortgage Interest
- 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.
- Answer
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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 rate differs from the standard rate by 0.5 percentage points or more.
Secondary information
- Type
- Written question
- Reference
- 93495
- Session
- 2022-23
- Subjects
- Interest rates Support for mortgage interest
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2022-11-28 17:57:32 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/93495
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/93495
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/93495