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SMI increasing
![[Deleted User]](https://us-noi.v-cdn.net/6031891/uploads/defaultavatar/nFA7H6UNOO0N5.jpg)
[Deleted User]
Posts: 0 Newbie
The rate at which SMI is paid is increasing from 10 May 2023 from 2.09% to 2.65% according to my mortgage provider.
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Confirmed here
https://www.gov.uk/support-for-mortgage-interest/what-youll-getThe interest rate used to calculate the amount of SMI you’ll get is currently 2.09%. From 10 May 2023, the rate will be 2.65%.
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