Support for Mortgage Interest
(asked on 28th February 2018) - View Source
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, what proportion of take-up for the new loan product that will replace Support for Mortgage Interest in April 2018 is people currently in receipt of that benefit.
This question was answered on 5th March 2018
SMI loans will be available to all claimants who currently qualify for SMI as a benefit. The level of support available will be calculated in the same way as under the current system and claimants and mortgage lenders will not see any difference in the payments they receive. Claimants may change their mind whether to take or decline a loan at any time.