Advance loans for office and accommodation claimed by new MPs
Members of Parliament are permitted, under the MPs’ Scheme of Business Costs and Expenses (‘the Scheme’), to apply to IPSA for a loan to cover any deposit payable at the commencement of a tenancy. These are not cash advances, but loans provided to cover the cost of an up-front tenancy deposit – and are required to be repaid in full by the MP.
At the time of your request, no MPs who were elected for the first time in the General Election on 7 May 2015 had requested a deposit loan.
For reference, details of these loans, including the amounts outstanding, are published on our website as part of our regular publication policy.
The following instructions may assist in locating this information.
Select ‘Aggregate Data’ via the menu bar at the top of the page.
Select a financial year.
Select the link for ‘other data’ on the right-hand side, which will open a spreadsheet.
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- May 27, 2015
- Exemptions Applied: