Explanatory note

These Regulations amend paragraph 7 of Schedule 9A to the Social Security (Claims and Payments) Regulations 1987 (S.I. 1987/1968) by reducing from £0.38 to £0.35 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.

A full impact assessment has not been produced for this instrument as it has no new impact on business or civil society organisations.