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SMI affect on other benefits
With the removal of SMI as part of their benefit entitlement, some individuals will no longer be entitled to one of the income-related benefits because they have too much income. The regulations ensure that this group will be “treated as entitled” to one of those benefits to ensure that they remain eligible for SMI and they will be offered SMI loans. They will however lose entitlement to some pass-ported benefits where the sole qualifying criterion is receipt of one of the income-related benefits. We believe that the number of people affected will be very low. These claimants may still be able to get help via certain pass-ported benefit schemes where there is an alternative access route via a low income test.
What are the "pass-ported" benefits????
With this loan being in fact a LIEN, it will show up on searches made by prospective buyers and possibly put them off the purchase.
Is it a good idea to accept this loan in order to retain other benefits?
Totally confused :-(