{"id":78945,"date":"2018-02-05T14:00:49","date_gmt":"2018-02-05T07:00:49","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/anger-as-thousands-unaware-they-face-a-second-mortgage\/"},"modified":"2018-02-05T15:03:13","modified_gmt":"2018-02-05T08:03:13","slug":"anger-as-thousands-unaware-they-face-a-second-mortgage","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/anger-as-thousands-unaware-they-face-a-second-mortgage\/","title":{"rendered":"Anger as thousands unaware they face a \u2018second mortgage\u2019"},"content":{"rendered":"


\nCalls 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 up for it.From April, the government is axing \u201csupport for mortgage interest\u201d (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. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Anger as thousands unaware they face a \u2018second mortgage\u2019<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Calls for the delay of a new loan set to replace a state-backed benefit in...<\/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-78945","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-kxj","jetpack-related-posts":[{"id":85298,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-urged-to-postpone-second-mortgage-scheme\/","url_meta":{"origin":78945,"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":74134,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/low-income-households-at-risk-as-mortgage-support-benefit-is-axed\/","url_meta":{"origin":78945,"position":1},"title":"Low-income households at risk as mortgage support benefit is axed","date":"December 9, 2017","format":false,"excerpt":"\r Crucial 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,\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":78945,"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":145985,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-refinance-demand-drops-further-despite-homeowners-sitting-on-17-trillion-in-equity\/","url_meta":{"origin":78945,"position":3},"title":"Mortgage refinance demand drops further, despite homeowners sitting on $17 trillion in equity","date":"July 10, 2024","format":false,"excerpt":"\r The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased last week to 7.00% from 7.03%.\r \r Source : cnbc.com\r Read more...Mortgage refinance demand drops further, despite homeowners sitting on trillion in equity","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116001,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/coronavirus-mortgage-bailout-program-grows-again-as-more-homeowners-delay-payments\/","url_meta":{"origin":78945,"position":4},"title":"Coronavirus mortgage bailout program grows again as more homeowners delay payments","date":"May 1, 2020","format":false,"excerpt":"\r As job losses from Covid-19 mount, more and more borrowers are delaying their monthly mortgage payments and taking advantage of the government's bailout program.\r \r Source : cnbc.com\r Read more...Coronavirus mortgage bailout program grows again as more homeowners delay payments","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140133,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-lenders-will-use-eye-catching-rates-to-compete-for-business\/","url_meta":{"origin":78945,"position":5},"title":"UK mortgage lenders will use eye-catching rates to compete for business","date":"November 2, 2023","format":false,"excerpt":"\r Offers for homeowners may look improved but deals are likely to come with larger product feesBank of England leaves interest rates at 5.25%Next move is likely down \u2013 analysisUK homeowners and buyers can expect a rash of mortgage deals with eye-catching rates but a sting in the tail from\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\/78945"}],"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=78945"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/78945\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=78945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=78945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=78945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}