{"id":80336,"date":"2018-02-19T14:00:06","date_gmt":"2018-02-19T07:00:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/concern-for-vulnerable-grows-as-those-on-lifeline-benefit-face-second-mortgage\/"},"modified":"2018-02-19T14:06:26","modified_gmt":"2018-02-19T07:06:26","slug":"concern-for-vulnerable-grows-as-those-on-lifeline-benefit-face-second-mortgage","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/concern-for-vulnerable-grows-as-those-on-lifeline-benefit-face-second-mortgage\/","title":{"rendered":"Concern for vulnerable grows as those on lifeline benefit face \u2018second mortgage\u2019"},"content":{"rendered":"


\nConcern 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 for both parents. With income support and carer\u2019s allowance, he receives \u00a3108 a week, meaning that the chances of paying his mortgage every month is remote. There is some relief, in that he receives the Support for Mortgage Interest (SMI) benefit, a payment which has been in place for the last 70 years to help financially constrained homeowners with their repayments.From April, however, it will stop and be replaced by a new \u201csecond mortgage\u201d scheme where the government offers to loan people the money, which will then be repaid later. Continue reading…
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\nSource : theguardian.com
\nRead more…Concern for vulnerable grows as those on lifeline benefit face \u2018second mortgage\u2019<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Concern for vulnerable grows as those on lifeline benefit face \u2018second mortgage\u2019Last May, James Martin*...<\/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-80336","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-kTK","jetpack-related-posts":[{"id":74134,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/low-income-households-at-risk-as-mortgage-support-benefit-is-axed\/","url_meta":{"origin":80336,"position":0},"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":85298,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-urged-to-postpone-second-mortgage-scheme\/","url_meta":{"origin":80336,"position":1},"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":100272,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/natwest-is-it-right-to-evict-a-woman-on-housing-benefit\/","url_meta":{"origin":80336,"position":2},"title":"NatWest, is it right to evict a woman on housing benefit?","date":"October 20, 2018","format":false,"excerpt":"\r The tenant is a vulnerable older woman who has always paid her rent on timeThere are no arrears on Helena McAleer\u2019s buy-to-let mortgage on a flat in Belfast. The tenant, a vulnerable older woman, has for more than two years always paid the \u00a3400-a-month rent on time. The money\u2026","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":80336,"position":3},"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":138109,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-demand-grows-driven-by-sales-of-new-homes\/","url_meta":{"origin":80336,"position":4},"title":"Mortgage demand grows, driven by sales of new homes","date":"June 28, 2023","format":false,"excerpt":"\r While applications for mortgages to buy a home rose week to week, they were still down more than 20% compared to a year earlier.\r \r Source : cnbc.com\r Read more...Mortgage demand grows, driven by sales of new homes","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105329,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/retirement-interest-only-mortgages-offer-lifeline-to-older-borrowers\/","url_meta":{"origin":80336,"position":5},"title":"Retirement interest-only mortgages offer lifeline to older borrowers","date":"March 23, 2019","format":false,"excerpt":"\r Demand is growing for a new type of home loan that helps the over-55s facing a shortfall at the end of their existing termA new breed of interest-only mortgage for older people is starting to take off. These deals could throw a lifeline to thousands of people who have\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\/80336"}],"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=80336"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/80336\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=80336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=80336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=80336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}