§ Mr. ÖpikTo ask the Secretary of State for Social Security what the mortgage interest payment428W arrangements are for people claiming benefits and paying an endowment mortgage; and if she will make a statement. [36075]
§ Mr. FieldIncome Support and income based Jobseeker's Allowance payable to home-buyers include help with the interest payable on mortgages. No help is provided for capital repayments or, in the case of interest-only mortgages, with the investment vehicles such as endowment policies. Help is calculated using the standard interest rate.