Local charity Housing Rights is urging homeowners who get help to pay their mortgage interest to seek advice, as the benefit will change to a loan this April. The charity’s helpline is already dealing with calls from homeowners who receive this benefit, called Support for Mortgage Interest (SMI), who are unsure what the changes will mean for them.
Recent figures reveal[1] that out of the 124,000 households receiving this benefit across the UK, just 6,850 have signed up to the new loan scheme.
