This morning at 09:30 the Office for National Statistics is publishing new data on Support for Mortgage Interest (SMI) Loans. As far as I'm aware it's the first time this data has been released. In your experience…
- Do many people use SMI loans alongside their mortgages?
- How common are they?
- What are the advantages/disadvantages?
- Are many borrowers aware they even exist?
The data will drop here at 09:30. I'll leave the alert open until 10:00 so you can have a quick scan if you are free. Otherwise just answer the Qs above. Any other views or intel, add it in.