UNIVERSAL Credit claimants were today given more help with crippling mortgage repayments.
Jeremy Hunt’s Autumn Statement will allow benefit recipients to take out a loan to ease rising interest costs after three months rather than nine.
It is one several major wins for UC claimants dished out by the Chancellor who threw an arm around the poorest.
In the financial package the Treasury said: “To support mortgage borrowers with rising interest rates during periods of low-income, from spring 2023, the government will allow those on Universal Credit to apply for a loan to help with interest repayments after three months, instead of nine.
Read more about Jeremy Hunt’s plans on the Autumn Statement live blog.