If you’re a homeowner or have bought a shared ownership property, you might be able to get help towards interest payments on:
- your mortgage
- loans you’ve taken out for certain repairs and improvements to your home
This help is called Support for Mortgage Interest (SMI).
It’s paid as a loan, which you’ll need to repay with interest when you sell or transfer ownership of your home (unless you’re moving the loan to another property).
You need to be getting a qualifying benefit to get SMI.
There’s no guarantee that you’ll get SMI for a mortgage or loan you take out.
What you cannot use SMI for
SMI cannot help you pay:
- anything towards insurance policies you have
- missed mortgage payments (arrears)