Money Wellness

Support for mortgage interest (SMI)

If you’re on benefits and you can’t afford your mortgage payments, you may be able to get a government loan to help you pay the interest.

man at desk with coffee

What is SMI?

Support for mortgage interest (SMI) is a government loan to help you pay the interest on your mortgage.

You will need to repay the loan when you die, sell your home or give it to someone else. For example, if you were to pass your home onto one of your children while still living there.

house and car

Can I get SMI?

To get SMI, you need to be on one of these benefits:

  • universal credit
  • income-based jobseeker’s allowance (JSA)
  • income-related employment and support allowance (ESA)
  • income support
  • pension credit

You won’t be able to get SMI if you’re on universal credit and you’re earning any money from work.

father and son

Money worries? Get free debt advice today

Or learn how Money Wellness can help with free debt advice.

All our debt advice is free. Some solutions are free. For others, there’s a fee.

Get started

What will I get?

You will get the interest paid on up to £200,000 of your mortgage (up to £100,000 if you’re on pension credit). The government won’t help to repay your mortgage capital (the amount you originally borrowed).

A standard interest rate is used to work out the amount you’ll be paid. This rate is variable, so it can go up and down. The interest rate used may be different to the interest rate on your mortgage.

Payments are generally made straight to your mortgage lender.

You can get SMI for as long as you need it, providing you continue to meet the eligibility criteria.

graphic of house with calculator and coins

When will my payments start?

When your payments start depends on the benefits you’re getting:

JSA, ESA or income support – you can usually get SMI from 39 weeks after you claimed JSA, ESA or income support.

Universal credit - you can usually get SMI three months after you claimed universal credit.

Pension credit – you can usually get SMI straight away.

woman writing on calendar

Will it affect my benefits or credit score?

An SMI loan doesn’t affect the benefits you get or your credit score.

graphic of credit file report

How to apply

When you apply for one of the benefits listed above, you’ll be asked some extra questions to see if you’re eligible for SMI. If you qualify, you’ll be offered a loan automatically.

If you turn down the offer, you can change your mind at any time. The payments will be backdated to when you were first eligible for the loan.

If you’ve changed your mind about turning down a loan, or you think you should have been offered a loan and you weren’t, contact the office that pays your benefit. You can find contact details on the government’s website.

man on sofa browsing his phone

Money Wellness blogs

Illustration of family of five
benefits

12 Jul 2024

Will Starmer scrap two-child benefit cap?

Starmer says the government can’t afford to scrap the policy yet.

Illustrated image of food. Household Support Fund free school holiday vouchers
benefits

10 Jul 2024

Are you entitled to £120 free food vouchers this summer?

Find out if you're one of the thousands of families who will be given free food vouchers this summer

An illustration of a dad holding his daughter, standing next to his girlfriend/wife, who holds their son's hand.
benefits

10 Jul 2024

Labour’s ‘big benefits changes’

How changes to the welfare system will affect you.

Illustrated image of a piggy bank with coins falling out. Find out how to claim compensation for delayed child benefit payments
benefits

26 Jun 2024

Thousands due child benefit compensation – find out how to claim

Child benefit payments for more than 500,000 parents were delayed earlier this month. Find out how to claim compensation if you were affected

A row of cut-out paper people against a colourful background
benefits

21 Jun 2024

Illustration of hiring person inspecting job candidates with a magnifying glass
benefits

17 Jun 2024

Reform UK pledge two-strike rule for jobseekers

Reform UK have dropped their manifesto. Find out how their plans could affect your money situation.