Friday, 27 April 2018

Tory Axe Of Mortgage Interest Benefit Has Put Thousands At Risk Of Homelessness

Ministers have been accused of putting thousands of home-owners at risk of homelessness after new figures suggested cuts to mortgage interest help were hitting the working poor and pensioners. Amid fears of an interest rate hike this year, Labour hit out as official Government statistics showed a very low take-up of a new loan system that replaces benefits. Fewer than 10% of those who used to get so-called Support for Mortgage Interest (SMI) payments have taken up the new loan offered in its place, the figures reveal. Support with mortgage interest has been in place for home-owners since 1948. Read more on the Huffington Post website.

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