2018 changes for mortgage interest support
The government’s Support for Mortgage Interest (SMI) scheme will be undergoing a major overhaul next year. The current scheme entitles current applicants government relief from mortgage interest for people who are claiming Universal Credit, Income Support, Jobseeker’s Allowance and Pension Credit. About half of these claimants, it is reported by The Telegraph are elderly pensioners. The structure of the current payment scheme gives relief on up to £200,000 of the mortgage or