Support for Mortgage Interest

Welfare & Benefits

Support for Mortgage Interest

If you’re on certain benefits such as Income Support, income-based Jobseeker’s Allowance, or income-related Employment and Support Allowance and are struggling to pay your mortgage, you may be entitled to help towards mortgage interest payments called Support for Mortgage Interest (SMI).

If you qualify, you can receive help towards interest payments on a mortgage of up to £200,000 following a 39-week waiting period after you’ve claimed your benefit. If you are on Pension Credit you may be able to access help immediately, but only for a mortgage up to £100,000.

SMI is normally paid direct to your lender. The money is only to cover interest and is calculated using a standard interest rate. There is no help available for capital payments.

It is very easy to miss out on benefits which you need and are entitled to.