IRRV Alert - week ending 24th July 2020
News
Consultations
Reports
Conversion of Support for Mortgage Interest (SMI) from a benefit into a loan (22 July 2020)
Research and analysis
Conversion of Support for Mortgage Interest (SMI) from a benefit into a loan
Communications with claimants on the changes to SMI and claimants’ decisions on taking up the loan.
Published 29 January 2019
Last updated 22 July 2020 — see all updates
From:
Department for Work and Pensions
Documents
Tables: Conversion of SMI from a benefit into a loan: claimant communication and loan take up, May 2020
ODS, 216KB
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Background: Conversion of SMI from a benefit into a loan: claimant communication and loan take up
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Details
Support for Mortgage Interest (SMI) stopped being a benefit and became a loan on 6 April 2018.
This publication contains management information on communications with claimants on the changes to SMI and claimants’ decisions on taking up the loan.
Since the March 2018 release, a technical issue has been corrected on the management information system used to produce the figures. The issue resulted in around 13% of claimants’ records being moved to a new loans system ahead of the introduction of the SMI loan scheme on 6 April and meant they were missing from the earlier figures published in March.
No correction will be made to the figures in March. The figures for March are therefore not comparable with subsequent months.
The next publication will be on 20 August 2020.
Published 29 January 2019
Last updated 22 July 2020 + show all updates