Michael Dugher – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Michael Dugher on 2015-11-10.

To ask Mr Chancellor of the Exchequer, what Support for Mortgage Relief provisions are available to customers of Northern Rock Asset Management.

Harriett Baldwin

No specific provision has been made for customers of Northern Rock Asset Management or any other bank or building society following the restriction to finance cost relief for individual residential landlords.

Restricting finance cost relief to the basic rate of income tax means all individual landlords will be treated the same by the tax system, regardless of their overall income.