{"id":74134,"date":"2017-12-09T14:00:00","date_gmt":"2017-12-09T07:00:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/low-income-households-at-risk-as-mortgage-support-benefit-is-axed\/"},"modified":"2017-12-09T14:02:51","modified_gmt":"2017-12-09T07:02:51","slug":"low-income-households-at-risk-as-mortgage-support-benefit-is-axed","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/low-income-households-at-risk-as-mortgage-support-benefit-is-axed\/","title":{"rendered":"Low-income households at risk as mortgage support benefit is axed"},"content":{"rendered":"


\nCrucial welfare payment will be turned into a loan from 2018, affecting 124,000 individuals who rely on itThousands of hard-up older people are being given a stark choice: sign up to a \u201csecond mortgage\u201d 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. \u201cSupport for mortgage interest\u201d (SMI) helps financially constrained homeowners with their mortgage payments \u2013 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. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Low-income households at risk as mortgage support benefit is axed<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Crucial welfare payment will be turned into a loan from 2018, affecting 124,000 individuals who...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-74134","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-jhI","jetpack-related-posts":[{"id":85298,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-urged-to-postpone-second-mortgage-scheme\/","url_meta":{"origin":74134,"position":0},"title":"Government urged to postpone \u2018second mortgage\u2019 scheme","date":"April 15, 2018","format":false,"excerpt":"\r Anger over effect changes to SMI benefit is having on worried claimantsThe government has been urged to stall controversial benefit changes which came into effect in the new tax year, amid claims they unfairly penalise the most vulnerable in society.On 6 April, a \u201csecond mortgage\u201d system replaced the Support\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":78945,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/anger-as-thousands-unaware-they-face-a-second-mortgage\/","url_meta":{"origin":74134,"position":1},"title":"Anger as thousands unaware they face a \u2018second mortgage\u2019","date":"February 5, 2018","format":false,"excerpt":"\r Calls for the delay of a new loan set to replace a state-backed benefit in just 10 weeks\u2019 timeThe government has been called on to delay a new \u201csecond mortgage\u201d scheme, which replaces a benefit for homeowners on low incomes, after just one in 20 affected households have signed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":80336,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/concern-for-vulnerable-grows-as-those-on-lifeline-benefit-face-second-mortgage\/","url_meta":{"origin":74134,"position":2},"title":"Concern for vulnerable grows as those on lifeline benefit face \u2018second mortgage\u2019","date":"February 19, 2018","format":false,"excerpt":"\r Concern for vulnerable grows as those on lifeline benefit face \u2018second mortgage\u2019Last May, James Martin* decided to give up work and look after his mother full time after she was diagnosed with cancer. A few months later, his father suffered a stroke, leaving the 49-year-old as the main carer\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139874,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-have-10000-left-after-a-house-move-should-we-save-it-or-overpay-the-mortgage\/","url_meta":{"origin":74134,"position":3},"title":"We have \u00a310,000 left after a house move \u2013 should we save it or overpay the mortgage?","date":"October 16, 2023","format":false,"excerpt":"\r I think overpaying our loan won\u2019t affect our monthly repayment as we\u2019re on a two-year trackerQ After a recent house move we have about \u00a310,000 in savings left over. We\u2019re now on a two-year tracker mortgage while we navigate the uncertain economic times and rates.My question is: would it\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129337,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shanghais-housing-market-rebounds-as-banks-quicken-loan-approvals-amid-lower-mortgage-rates-spurring-demand\/","url_meta":{"origin":74134,"position":4},"title":"Shanghai\u2019s housing market rebounds as banks quicken loan approvals amid lower mortgage rates, spurring demand","date":"September 7, 2022","format":false,"excerpt":"\r As house prices shoot up, the battered local economy should benefit as the city government fast-tracks approvals for home construction and rakes in higher proceeds from land auctions, say analysts.\r \r Source : South China Morning Post\r Read more...Shanghai\u2019s housing market rebounds as banks quicken loan approvals amid lower\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86966,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/elderly-couple-face-losing-home-as-interest-only-loan-crisis-bites\/","url_meta":{"origin":74134,"position":5},"title":"Elderly couple face losing home as interest-only loan crisis bites","date":"May 2, 2018","format":false,"excerpt":"\r Santander refuses to extend mortgage term because Len and Val Fitzgerald are in their late 70sAn MP has claimed Santander is prepared to throw a couple in their late 70s out into the street because it has refused to extend their interest-only mortgage due to their age.Len and Val\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/74134"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=74134"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/74134\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=74134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=74134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=74134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}