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).
It’s paid as a loan, which you’ll need to repay with interest when you sell or transfer ownership of your home.
You usually need to be getting, or treated as 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 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)