You asked about Support for Mortgage Interest (SMI): here is how it works, how much you could get and how it is paid.
See eligibility & how to claim →
Below you’ll find how much you could get, how it is paid and how the scheme works.
Amounts can change each tax year, so always check the latest rates on the official page.
Support you may be entitled to
Loan, not grantPaid to lenderFor homeowners
💷 How much & how it is paid
- Who can get it: Homeowners getting Universal Credit, Pension Credit or certain legacy benefits
- How much: Interest on up to £200,000 of your mortgage (£100,000 if on Pension Credit), at the SMI standard rate
- How it's paid: Directly to your lender
- Repayment: A loan secured on your home, repaid with interest when you sell or transfer ownership
⚙️ How it works
Eligibility is decided by the responsible body based on your circumstances. Once your claim is approved, payments are made according to the scheme’s rules. Report any change in your circumstances so your payments stay correct.
🧮 Check what you could get
Use an independent benefits calculator linked from GOV.UK to estimate what you may be entitled to before you claim.
SMI is a loan that must be repaid with interest; seek free advice before accepting.