Big changes looming for Support for Mortgage Interest (SMI) scheme
Big changes looming for Support for Mortgage Interest (SMI) scheme

This week brings a fundamental change in welfare support for struggling homeowners. For more than 70 years, homeowners, who have low incomes and who receive certain qualifying benefits, have been able to claim support from the government, through Support for Mortgage Interest (SMI).

However, from 6 April 2018 this support is changing. Rather than being paid as a free benefit, SMI will now be paid as a loan and any money claimed from this date onwards will one day need … Read more