In 2016 Support for Mortgage Interest changed. It changed from being a benefit to a loan and the waiting time to access it increased from 13 weeks to 39 weeks.
In light of Covid-19 and the pressure on people’s incomes, we are calling for the waiting time to be reduced. Making this change now will help create an environment by providing a longer-term safety for homeowners. This will help people to able to stay in their homes, while dealing with financial pressures.