1. Overview

If you’re a homeowner, 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).

You usually need to be claiming a qualifying benefit to get SMI.

SMI is currently paid as a benefit. From 6 April 2018 it will be paid as a loan.

Whether your SMI will be paid as a benefit or a loan depends on when you get, or are treated as getting, your qualifying benefit.

If you get SMI as a benefit, it will stop being paid from 5 April 2018. You’ll get a letter before then about the SMI loan and other options available to you.

There’s no guarantee that you’ll get SMI for a mortgage or loan you take out.

What you can’t use SMI for

SMI can’t help you pay:

  • the amount you borrowed - only the interest on your mortgage

  • anything towards insurance policies you have

  • missed mortgage payments (arrears)