Article preview: Banks want the government to revise mortgage support for struggling homeowners. UK Finance, the trade body for banks and building societies, wants the government to cut the waiting time for the Support for Mortgage Interest (SMI) loan, available to people claiming state benefits. As things stand, claimants must wait 39 weeks after losing their job before claiming the SMI loan.
More mortgage support for struggling homeowners?
This 396-word blog post considers a call from trade body UK Finance to improve the eligibility terms of the Support for Mortgage Interest (SMI) loan. Written on 27th May 2021.
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