Support for Mortgage Interest
E282253
Support for Mortgage Interest is a UK government welfare benefit that helps certain income-related benefit claimants with the interest payments on their mortgage or home improvement loans.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Support for Mortgage Interest canonical | 1 |
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
United Kingdom welfare benefit
ⓘ
housing cost support scheme ⓘ |
| administeredBy | Department for Work and Pensions ⓘ |
| benefitInteraction |
amount may be affected by applicable standard interest rate
ⓘ
amount may depend on outstanding qualifying loan balance ⓘ |
| benefitType | means-tested support ⓘ |
| country | United Kingdom ⓘ |
| covers |
interest on qualifying home improvement loans
ⓘ
interest on qualifying mortgage loans ⓘ |
| doesNotCover |
insurance premiums added to the mortgage
ⓘ
repayment of mortgage capital ⓘ service charges not classed as eligible housing costs ⓘ |
| eligibilityCriterion |
claimant has eligible mortgage or qualifying home loan
ⓘ
claimant receives certain income-related benefits ⓘ property is the claimant’s main home ⓘ |
| excludes | most homeowners not on income-related benefits ⓘ |
| fundingSource |
UK government
ⓘ
surface form:
UK central government
|
| interestRateBasis | standard rate set by the UK government ⓘ |
| introducedAsLoanFrom | April 2018 ⓘ |
| jurisdiction |
England
ⓘ
Northern Ireland ⓘ Scotland ⓘ Wales ⓘ |
| legalBasis | social security regulations made under UK social security legislation ⓘ |
| linkedBenefit |
Income Support
ⓘ
Pension Credit ⓘ Universal Credit ⓘ Jobseeker’s Allowance ⓘ
surface form:
income-based Jobseeker’s Allowance
income-related Employment and Support Allowance ⓘ |
| payableAs | loan ⓘ |
| paymentMethod | usually paid direct to the lender ⓘ |
| policyArea |
housing
ⓘ
social security ⓘ |
| previousForm | non-repayable benefit before April 2018 ⓘ |
| purpose |
to help with interest on eligible home improvement loans
ⓘ
to help with mortgage interest payments ⓘ |
| relatedConcept | mortgage interest support ⓘ |
| relatedProgramme |
Universal Credit
ⓘ
surface form:
Universal Credit housing costs element
|
| repaymentMethod | repaid when the property is sold or transferred ⓘ |
| repaymentTrigger | when claimant dies and estate is settled ⓘ |
| sector | public sector ⓘ |
| securedAgainst | claimant’s home ⓘ |
| shortName | SMI ⓘ |
| targetGroup |
homeowners on qualifying income-related benefits
ⓘ
low-income homeowners ⓘ |
| waitingPeriod | applies before payments start ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.