keep Revocation of Regulations
Amends two statutory instruments to reduce the fee payable by qualifying lenders from £0.44 to £0.39 for administrative services related to social security claims and payments, including Universal Credit, Personal Independence Payment, Jobseeker's Allowance and Employment and Support Allowance.
This regulation reduces a fee burden on qualifying lenders. Deleting it would revert the fee to the higher rate of £0.44, increasing costs that are ultimately passed to borrowers and consumers. The amendment achieves its goal efficiently with minimal regulatory intrusion—just a simple fee reduction with no additional compliance requirements.