Written answers
Thursday, 8 May 2014
Department of Social Protection
Mortgage Interest Supplement Payments
Bernard Durkan (Kildare North, Fine Gael)
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117. To ask the Minister for Social Protection the reason for the reduction in mortgage interest suppleiment in the case of a person (details supplied) in County Kildare; and if she will make a statement on the matter. [20789/14]
Joan Burton (Dublin West, Labour)
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The interest repayments for the person concerned have reduced from €1808.20 pm to €1773.33 pm, and therefore the amount of the mortgage interest supplement has also reduced. The calculation is based on circa 70% of the mortgage which is €1243.81 as the remaining mortgage finance drawn down was used for commercial purposes and is therefore outside the scope of the scheme. The circumstances of the person concerned results in a monthly payment of €1061.80 mortgage interest supplement to the person concerned.
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