mortgage support benefit is axed

Thousands of hard-up older people are being given a stark choice: sign up to a “second mortgage” with the government, or lose some of the financial help you receive.

In a little-noticed move, the government is axing a benefit that has been around since 1948 and has thrown a lifeline to many people on low incomes. “Support for mortgage interest” (SMI) helps financially constrained homeowners with their mortgage payments – some of them might otherwise be at risk of being repossessed. But from April 2018, SMI will no longer be paid as a free benefit. Instead, the government is offering to loan people the money, which will have to be repaid later with interest.

http://www.welfareweekly.com/low-income-households-at-risk-as-mortgage-support-benefit-is-axed/

personally i agree with it as it should only last 1 year from first signing on period

as goes for the older end the banks do block older people from getting a mortgage