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To ask the Secretary of State for Work and Pensions how many people were receiving income support mortgage interest payments in each month in each of the last five years.

Asked by

Lord Grayling (Conservative)

Answering body

Department for Work and Pensions

Type

Written questions

Status

Answered

Date

26 November 2008

Reference

483 c1978W; 239890

House

House of Commons

Income Support: Mortgages

To ask the Secretary of State for Work and Pensions what the average payment was to people receiving income support mortgage interest payments in the last 12 months.

Asked by

Lord Grayling (Conservative)

Answering body

Department for Work and Pensions

Type

Written questions

Status

Answered

Date

26 November 2008

Reference

483 c1978W; 239891

House

House of Commons

Income Support: Mortgages

To ask the Secretary of State for Work and Pensions how many people are receiving income support for mortgage interest payments; and how many received such payments in each of the last 10 years.

Asked by

Lord Grayling (Conservative)

Answering body

Department for Work and Pensions

Type

Written questions

Status

Answered

Date

26 November 2008

Reference

483 c1977-8W; 239884

House

House of Commons

Income Support: Mortgages

To ask the Secretary of State for Work and Pensions what changes have been made to (a) the conditions for claiming income support for mortgage interest payments and (b) the levels of income support mortgage interest payments since 1997.

Asked by

Lord Grayling (Conservative)

Answering body

Department for Work and Pensions

Type

Written questions

Status

Answered

Date

26 November 2008

Reference

483 c1978W; 239885

House

House of Commons

Income Support: Mortgages

To ask the Secretary of State for Work and Pensions what the rules are for eligibility for income support mortgage interest payments; and what changes to those rules the Government plans to introduce.

Asked by

Lord Grayling (Conservative)

Answering body

Department for Work and Pensions

Type

Written questions

Status

Answered

Date

26 November 2008

Reference

483 c1978W; 239886

House

House of Commons

Income Support: Mortgages

To ask the Secretary of State for Work and Pensions how many people claiming jobseeker's allowance have been claiming support for mortgage interest payments for two years or more.

Asked by

Lord Grayling (Conservative)

Answering body

Department for Work and Pensions

Type

Written questions

Status

Answered

Date

26 November 2008

Reference

483 c1978W; 239887

House

House of Commons

Income Support: Mortgages

To ask the Secretary of State for Work and Pensions how many people have been claiming support for mortgage interest payments for (a) less than six months, (b) between six months and one year, (c) between one and two years and (d) two or more years.

Asked by

Lord Grayling (Conservative)

Answering body

Department for Work and Pensions

Type

Written questions

Status

Answered

Date

26 November 2008

Reference

483 c1978W; 239888

House

House of Commons

Income Support: Mortgages

To ask the Secretary of State for Work and Pensions whether the two year time limit on claims for income support for mortgage interest for jobseeker's allowance claimants will apply to new claimants.

Asked by

Lord Grayling (Conservative)

Answering body

Department for Work and Pensions

Type

Written questions

Status

Answered

Date

26 November 2008

Reference

483 c1978W; 239889

House

House of Commons

Interest Rates: Mortgages

To ask the Chancellor of the Exchequer what the average interest rate payable on mortgages was in each of the last 10 years.

Asked by

Lord Grayling (Conservative)

Answering body

Treasury

Type

Written questions

Status

Answered

Date

26 November 2008

Reference

483 c1901W; 239892

House

House of Commons

Income Support: Mortgages

(4) on what basis the interest rate for income support mortgage interest payments is set.

Asked by

Lord Grayling (Conservative)

Answering body

Department for Work and Pensions

Type

Written questions

Status

Answered

Tabled on

7 October 2008

For answer on

9 October 2008

Answered on

22 October 2008

From December 2004, the standard interest rate (SIR) used to calculate support for mortgage interest payments in income support, income-based jobseeker's allowance and state pension credit was changed to respond to changes in the Bank of England base rate. The SIR is the Bank of England base rate plus an additional 1.58 per cent. This is more representative, transparent, easier to understand and easier to administer than the previous method, which was based upon an average of building society interest rates. The additional 1.58 per cent. recognises the fact that lenders' interest rates are set at a higher rate than the base rate and to ensure that no-one lost out when the method of calculation changed.DWP no longer needs to wait for the collation of statistics by the Financial Services Authority and the official publication by the Office for National Statistics of the average building society interest rate. Nor does it need to lay regulations to change the SIR. As soon as the Bank of England announces a change which triggers a move in the SIR, action is taken to amend the relevant departmental computer systems. This has reduced the implementation time by approximately four weeks compared to the pre-December 2004 arrangements. Changes are normally implemented in about five weeks from the Bank of England's announcement.The SIR is currently 6.58 per cent. The Bank of England announced a 0.5 per cent. cut in the base rate on 8 October. This will mean that the SIR will reduce to 6.08 per cent. in about five weeks' time.The information requested is in the table.

Support for mortgage interest: standard interest rate (SIR) changes since 1998
Payable date	SIR (percentage)
31 May 1998	8.34
27 December 1998	8.65
28 February 1999	8.24
28 March 1999	7.75
25 April 1999	7.39
16 May 1999	7.08
27 June 1999	6.66
23 April 2000	6.92
25 June 2000	7.44
24 June 2001	6.94
26 August 2001	6.65
23 December 2001	6.19
24 February 2002	5.74
24 March 2002	5.34
23 November 2003	5.07
28 March 2004	5.33
25 July 2004	5.59
26 September 2004	5.88
5 December 2004	6.33
11 September 2005	6.08
10 September 2006	6.33
17 December 2006	6.58
18 February 2007	6.83
17 June 2007	7.08
12 August 2007	7.33
13 January 2008	7.08
16 March 2008	6.83
18 Mary 2008	6.58
Note:
From 5 December 2004, the SIR has been calculated using the Bank of England base rate plus 1.58 per cent. Prior to that, it was based upon an average of building society interest rates.

Date

22 October 2008

Reference

481 c401-2W; 226193

House

House of Commons

Income Support: Mortgages

(3) at what level the interest rate for income support mortgage interest payments was set in each month for the last two years;

Asked by

Lord Grayling (Conservative)

Answering body

Department for Work and Pensions

Type

Written questions

Status

Answered

Tabled on

7 October 2008

For answer on

9 October 2008

Answered on

22 October 2008

Support for mortgage interest: standard interest rate (SIR) changes since 1998
Payable date	SIR (percentage)
31 May 1998	8.34
27 December 1998	8.65
28 February 1999	8.24
28 March 1999	7.75
25 April 1999	7.39
16 May 1999	7.08
27 June 1999	6.66
23 April 2000	6.92
25 June 2000	7.44
24 June 2001	6.94
26 August 2001	6.65
23 December 2001	6.19
24 February 2002	5.74
24 March 2002	5.34
23 November 2003	5.07
28 March 2004	5.33
25 July 2004	5.59
26 September 2004	5.88
5 December 2004	6.33
11 September 2005	6.08
10 September 2006	6.33
17 December 2006	6.58
18 February 2007	6.83
17 June 2007	7.08
12 August 2007	7.33
13 January 2008	7.08
16 March 2008	6.83
18 Mary 2008	6.58
Note:
From 5 December 2004, the SIR has been calculated using the Bank of England base rate plus 1.58 per cent. Prior to that, it was based upon an average of building society interest rates.

Date

22 October 2008

Reference

481 c401-2W; 226192

House

House of Commons

Income Support: Mortgages

To ask the Secretary of State for Work and Pensions (1) at what interest rate income support mortgage interest rate payments are being made; and at what rate income support mortgage interest payments were paid in each of the last 10 years for which information is available;

Asked by

Lord Grayling (Conservative)

Answering body

Department for Work and Pensions

Type

Written questions

Status

Answered

Tabled on

7 October 2008

For answer on

9 October 2008

Answered on

22 October 2008

Support for mortgage interest: standard interest rate (SIR) changes since 1998
Payable date	SIR (percentage)
31 May 1998	8.34
27 December 1998	8.65
28 February 1999	8.24
28 March 1999	7.75
25 April 1999	7.39
16 May 1999	7.08
27 June 1999	6.66
23 April 2000	6.92
25 June 2000	7.44
24 June 2001	6.94
26 August 2001	6.65
23 December 2001	6.19
24 February 2002	5.74
24 March 2002	5.34
23 November 2003	5.07
28 March 2004	5.33
25 July 2004	5.59
26 September 2004	5.88
5 December 2004	6.33
11 September 2005	6.08
10 September 2006	6.33
17 December 2006	6.58
18 February 2007	6.83
17 June 2007	7.08
12 August 2007	7.33
13 January 2008	7.08
16 March 2008	6.83
18 Mary 2008	6.58
Note:
From 5 December 2004, the SIR has been calculated using the Bank of England base rate plus 1.58 per cent. Prior to that, it was based upon an average of building society interest rates.

Date

22 October 2008

Reference

481 c401-2W; 226190

House

House of Commons

Income Support: Mortgages

(2) how often the interest rate for income support mortgage interest payments is set;

Asked by

Lord Grayling (Conservative)

Answering body

Department for Work and Pensions

Type

Written questions

Status

Answered

Tabled on

7 October 2008

For answer on

9 October 2008

Answered on

22 October 2008

Support for mortgage interest: standard interest rate (SIR) changes since 1998
Payable date	SIR (percentage)
31 May 1998	8.34
27 December 1998	8.65
28 February 1999	8.24
28 March 1999	7.75
25 April 1999	7.39
16 May 1999	7.08
27 June 1999	6.66
23 April 2000	6.92
25 June 2000	7.44
24 June 2001	6.94
26 August 2001	6.65
23 December 2001	6.19
24 February 2002	5.74
24 March 2002	5.34
23 November 2003	5.07
28 March 2004	5.33
25 July 2004	5.59
26 September 2004	5.88
5 December 2004	6.33
11 September 2005	6.08
10 September 2006	6.33
17 December 2006	6.58
18 February 2007	6.83
17 June 2007	7.08
12 August 2007	7.33
13 January 2008	7.08
16 March 2008	6.83
18 Mary 2008	6.58
Note:
From 5 December 2004, the SIR has been calculated using the Bank of England base rate plus 1.58 per cent. Prior to that, it was based upon an average of building society interest rates.

Date

22 October 2008

Reference

481 c401-2W; 226191

House

House of Commons

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