The government has been called on to delay a new “second
mortgage” scheme, which replaces a benefit for homeowners on low incomes, after
just one in 20 affected households have signed up for it. From April, the
government is axing “support for mortgage interest” (SMI) which helps
financially constrained homeowners with their mortgage. It will be replaced
with a controversial system where the government offers to loan people the
money, which will be repaid later with interest. However, new figures have
shown that just 6,850 households have signed up for the scheme out of the
124,000 currently receiving the SMI benefit, prompting calls for the changeover
to be delayed. Read more on the Guardian website.
Tell us: have you given up on trying to buy your first home?
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We’d like to hear from people in the UK who have abandoned or delayed plans
to get on the property ladder
UK house prices rose for the first time in four...
2 days ago
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