Guidance

Managed payments to mortgage lenders 바카라 사이트� information for lenders

Guidance for lenders on taking part in the scheme to pay Support for Mortgage Interest (SMI) direct to qualifying lenders.

• From: Department for Work and Pensions
• Published: 25 January 2012
• Last updated: 1 August 2023 바카라 사이트� See all updates

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Managed payments to mortgage lenders 바카라 사이트� information for lenders

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Certain income-related benefits can include help towards mortgage interest payments for homeowners through Support for Mortgage Interest (SMI). We normally make SMI payments direct to the lender.

From April 2018, SMI is paid to customers as a loan, which they will need to repay with interest when they sell or transfer ownership of the home.

We call the process of paying mortgage interest direct to lenders 바카라 사이트榤anaged payments to mortgage lenders바카라 사이트� (formerly Mortgage Interest Direct).

This guidance explains how lenders take part in the scheme. It includes background information about the legislation.

Information for claimants

See www.gov.uk/support-for-mortgage-interest

Published 25 January 2012

Last updated 1 August 2023 + show all updates

1. 1 August 2023

   Updated the Benefit Payment Systems Group address.

2. 7 October 2021

   Updated contact details for the Benefit Payment Systems Group.

3. 4 December 2018

   Updated the page to reflect the change in Support for Mortgage Interest being paid as a loan instead of a benefit in April 2018.

4. 25 January 2012

   First published.