HC Deb 18 April 2000 vol 348 c441W
Miss Geraldine Smith

To ask the Secretary of State for Social Security how the mortgage rate for benefit payments is calculated. [119743]

Mr. Bayley

Mortgage payments for benefit claimants are based on a Standard Interest Rate, which is calculated by the Building Societies Commission and is based on the weighted average of basic rates charged by the main building societies.