Support for Mortgage Interest

(asked on 23rd November 2021) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what the success rate is for applications to the Support for Mortgage Interest loan scheme compared to the previous Support for Mortgage Interest payment scheme.


Answered by
Guy Opperman Portrait
Guy Opperman
Parliamentary Under-Secretary (Department for Transport)
This question was answered on 1st December 2021

Entitlement to help under the Support for Mortgage Interest (SMI) loans system is the same as it was under the previous SMI benefit system. The key difference is that acceptance of the offer of a loan is optional. Around 20% of those eligible to receive a loan have taken up the offer so far, according to Management Information published in August 2020.

Information on take up of SMI can be found via this link - Conversion of Support for Mortgage Interest (SMI) from a benefit into a loan

Further statistics on the numbers in receipt of Support for Mortgage Interest loans can be found via the following link - Support for Mortgage Interest statistics - GOV.UK (www.gov.uk)

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