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The Social Security (Fees Payable by Qualifying Lenders) (Amendment) Regulations 2017
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- UK Statutory Instruments
- 2017 No. 270
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EXPLANATORY NOTE
(This note is not part of the Regulations)
Paragraph 7 of Schedule 9A to the Social Security (Claims and Payments) Regulations 1987, 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 (“the principal provisions”) prescribe the fee payable by certain lenders (“qualifying lenders”) for the purpose of defraying administrative expenses incurred by the Secretary of State in making payments in respect of mortgage interest direct to the qualifying lenders.
These Regulations amend the principal provisions by reducing the fee from £0.44 to £0.39.
These Regulations also revoke previous instruments which amended the fee in the principal provisions, and are now spent.
A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sectors is foreseen.
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