Mortgages: Interest Payments
(asked on )
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, what estimate her Department has made of the cost of implementing the change of Support for Mortgage Interest from a benefit to a loan; and the ongoing administration of that loan.
This question was answered on 31st January 2018
The Department estimates that the total cost of implementing Support for Mortgage Interest loans will be £20.47m. The ongoing administrative costs are estimated to be £2.20m a year.