# The Social Security (Fees Payable by Qualifying Lenders) (Amendment) Regulations 2014 (revoked)

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U.K.

Statutory Instruments

# 2014 No. 485

Social Security

# The Social Security (Fees Payable by Qualifying Lenders) (Amendment) Regulations 2014

Made

3rd March 2014

Laid before Parliament

10th March 2014

Coming into force

1st April 2014

The Secretary of State for Work and Pensions makes the following regulations in exercise of the powers conferred by sections                           15A(2)(b) and 189(1) and (4) of the Social Security Administration Act 1992 F1.                        

In compliance with section 15A(2) of the Social Security Administration Act 1992, the Secretary of State has consulted with                           organisations representing qualifying lenders likely to be affected by the Regulations.                        

The Social Security Advisory Committee has agreed that proposals in respect of these Regulations should not be referred to                           it. F2                        

F11992 c.5. Section 15A was inserted by section 1 of and the Schedule to the Social Security (Mortgage Interest Payments) Act 1992 (c.33), and relevant amendments were made by the Welfare Reform Act 2007 (c. 5), **Schedule 3**, paragraph 10, and by the Welfare Reform Act 2012 (c.5), **Schedule 2**, paragraph 6. Relevant amendments to section 189 were made by the Social Security Act 1998 (c.14), **Schedule 7**, paragraph 109 and Schedule 8, by the Social Security Contributions (Transfer of Functions etc.) Act 1999 (c.2), **Schedule 3**, paragraph 57(1) and (2) and by the Tax Credits Act 2002 (c..21), Schedule 6.

F2*See* section 173(1)(b) of the Social Security Administration Act 1992.

## Citation and commencementU.K.

1.  These Regulations may be cited as the Social Security (Fees Payable by Qualifying Lenders) (Amendment) Regulations 2014 and                     come into force on 1st April 2014.                  

## Amendment of paragraph 7 of Schedule 9A to the Social Security (Claims and Payments) Regulations 1987U.K.

2.  In paragraph 7 of Schedule 9A (fees payable by qualifying lenders) to the Social Security (Claims and Payments) Regulations                     1987 F3 for the amount “£0.35” substitute “ £0.40 ”.                  

F3S.I.1987/1968. Schedule 9A was inserted by regulation 6 of S.I. 1992/1026. Relevant amendments to paragraph 7 were made by S.I. 2002/3197 and 2013/456.

## Amendment of 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 2013U.K.

3.  In paragraph 9(2) of Schedule 5 (fees payable by qualifying lenders) to the Universal Credit, Personal Independence Payment,                     Jobseeker's Allowance and Employment and Support Allowance (Claims and Payments) Regulations 2013 F4, for the amount “£0.35” substitute “ £0.40 ”.                  

F4S.I. 2013/380.

Signed by authority of the Secretary of State for Work and Pensions

Freud

 Parliamentary Under Secretary of State

 Department for Work and Pensions

3rd March 2014

## Explanatory Note

(This note is not part of the Regulations)

These Regulations amend paragraph 7 of Schedule 9A to the Social Security (Claims and Payments) Regulations 1987 (S.I. 1987/1968) 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 (S.I 2013/380) by increasing from £0.35 to £0.40                        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.