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Bank Loans (Interest)

Volume 951: debated on Tuesday 6 June 1978

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asked the Secretary of State for Social Services under what circumstances his Department pays the interest on a bank loan to a person on social security.

The interest payable on a bank loan is normally included in the calculation of a person's supplementary benefit requirements only where the loan has been raised for the purpose of house purchase, or for repairs or improvements of an acceptable nature to an owner-occupied property.

rity basis. Figures for the 14 area health authorities containing the districts requested are as follows: