Support for Mortgage Interest scheme sees 40% rate cut
Homeowners who qualify for the Government’s Support for Mortgage Interest (SMI) scheme have seen a 40% cut in the rate at which the benefit is paid. The scheme allows some borrowers in financial difficulties to defer part of their mortgage repayments until their circumstances have improved, and the SMI rate was frozen at a generous [...]
Support for Mortgage Interest scheme sees 40% rate cut
