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<p>Support for Mortgage Interest (SMI) is not ending. The scheme will continue to
provide financial support owner-occupiers in times of need in exactly the same way
as it does now. Claimants and mortgage lenders will not see any difference in the
payments they receive. The only difference is that we will require repayment of the
loan once the property is sold, subject to there being sufficient equity available.
Mortgage lenders will be notified when a claimant's SMI benefit payments cease. Lenders
are required under Financial Conduct Authority (FCA) regulations to engage with borrowers
to discuss how they will meet their loan commitments.</p>
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