To: The Rt Hon David Gauke MP

Support for Mortgage Interest (SMI) to be stopped

Support for Mortgage Interest (SMI) to be stopped

Support for Mortgage Interest (SMI) as a benefit is ending on 5 April 2018, and will be replaced by a loan. To stop this change going ahead, or, at the very least delay this change coming into being without giving people more advanced warning of this major change in their lives.

Why is this important?

Changing SMI from being a benefit to a loan will mean that yet again many of our vulnerable people will end up further into debt. Also the fact that this has been done relatively on the quiet is another example of this governments rough shod ways of dealing with the most vulnerable people within our society.


Reasons for signing

  • Because it is so unfair!!!
  • if the government will only pay 2.61% interest and your mortgage rate is higher than that you will end up getting in arrears, being evicted, can't get a better rate from mortgage lender as not working and end up homeless.
  • Unfair comparing to renting

Updates

2018-01-13 01:19:51 +0000

100 signatures reached

2017-12-08 14:44:17 +0000

50 signatures reached

2017-12-06 20:40:57 +0000

25 signatures reached

2017-11-17 02:45:57 +0000

10 signatures reached