Department for Work and Pensions
Support for Mortgage Interest
This is a contract result notice, not an open opportunity. Details from the official award data.
This is a large award for Research & Development — above three-quarters of comparable contracts. Based on 20,405 valued Research & Development tenders in our corpus.
SMI provides support to out of work and retired mortgage holders claiming income-based benefits.
It aims to prevent repossession by making a contribution towards mortgage interest payments.
Initially provided as a benefit, in April 2018 SMI changed from a benefit to a loan repayable upon the sale of the property.
SMI loans are available to claimants on certain benefits to help meet the interest payments on their mortgage.
SMI is paid as a loan, which the recipient will need to repay with interest, usually when they sell or transfer ownership of their home.
To be eligible for a SMI loan, the claimant needs to be in receipt of one of the following qualifying benefits: Income Support, income-based Jobseeker's Allowance (JSA), income-related Employment and Support Allowance (ESA), Universal Credit or Pension Credit.
What the notice asks for
SMI provides support to out of work
SMI provides support to out of work and retired mortgage holders claiming income-based benefits.
SMI is paid as a loan,
SMI is paid as a loan, which the recipient will need to repay with interest, usually when they sell or transfer ownership of their home.
To be eligible for a SMI loan
To be eligible for a SMI loan, the claimant needs to be in receipt of one of the following qualifying benefits: Income Support, income-based Jobseeker's Allowance (JSA), income-related Employment and Support Allowance (ESA), Universal Credit or Pension Credit.
Sentences from the notice that state an obligation, surfaced automatically and shown in the order they appear. Not an exhaustive list — always confirm against the tender documents.
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- OCID
- 8da5aa21-cbf9-4d54-8628-38a4bb92eb65
- Stage
- contract · Contract
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- Contracts Finder
- Buyer ref
- tender_369474/1302963
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