Construction News

07/03/2018

Consumers Who Receive Help With Mortgage Costs Urged To Take Action

Consumers who receive help with their mortgage costs are being urged to take action before the start of April.

The 'Support for Mortgage Interest' (SMI) is to change from a benefit to a loan from 06 April.

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SMI helps claimants on income based benefits by paying towards the interest on their mortgage and/or home improvement loan. The qualifying benefits are Pension Credit, Universal Credit, Income Support, income-based Jobseeker's Allowance and income-related Employment and Support Allowance.

Around 9,000 affected claimants have been advised of the changes and what options are being made available.

(CD/LM)

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