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The Social Security (Fees Payable by Qualifying Lenders) (Amendment) Regulations 2016
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- UK Statutory Instruments
- 2016 No. 228
- Explanatory Note
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This is the original version (as it was originally made).
EXPLANATORY NOTE
(This note is not part of the Regulations)
These Regulations amend paragraph 7 of Schedule 9A to the Social Security (Claims and Payments) Regulations 1987 (S.I. 1987/1968) and paragraph 9(2) of Schedule 5 to the Universal Credit, Personal Independence Payment, Jobseeker’s Allowance and Employment and Support Allowance (Claims and Payments) Regulations 2013 (S.I. 2013/380) by reducing from £0.46 to £0.44 the fee which qualifying lenders pay for the purpose of defraying administrative expenses incurred by the Secretary of State in making payments in respect of mortgage interest direct to qualifying lenders.
An impact assessment has not been produced for this instrument as it has no new impact on business or civil society organisations.
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