Debate Magazine

Universal Credit and Support for Mortgage Interest

Posted on the 15 March 2016 by Markwadsworth @Mark_Wadsworth

From New Policy Institute:
Why is the safety net [Support for Mortgage Interest] less effective for owner-occupiers [than renters]? Firstly, “the Government believes that taxpayers should not in effect be helping people to acquire personal assets through any potential long-term rises in house prices.”
It is not clear whether this still applies when Help to Buy gives support for those acquiring personal assets.

And we might add, when taxpayers help Buy To Let landlords pay off their mortgages by subsiding rents.

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