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Lenders call on the government to review financial support for struggling homeowners

Press release,
Contact:
tanya jackson,
Last updated:
27 May 2021

Support for Mortgage Interest (SMI) helps struggling homeowners every year, but critical changes are needed to make sure hundreds of thousands of households are helped before their financial situation deteriorates. As it stands, struggling homeowners are left to wait 39 week...

Building Societies Association response to Prudential Regulatory Authority Discussion Paper 1/21 In responding to the PRA’s Discussion Paper, the BSA and a number of societies warmly welcomed the initiative to create a more proportionate and effective prudential regime for...

As furlough ends urgent support is needed for struggling homeowners

Press release,
Contact:
tanya jackson,
Last updated:
17 September 2021

UK Finance and the Building Societies Association are calling for important changes to be made to the Support for Mortgage Interest (SMI) scheme to help struggling homeowners as the furlough scheme draws to a close. SMI is a government loan scheme which helps homeowners w...