(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 by reducing from £0.51 to £0.47 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 regulatory impact assessment has not been prepared for this instrument as it has minimal impact on the costs of business.