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When everyone has a home

Housing advice for Northern Ireland

Support for Mortgage Interest

Returning to your home after release

If you had safe and secure accommodation before going into custody you should try to keep it, if possible, while you’re in prison.

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Let your landlord or lender know you are absent

You may not want to inform your landlord or mortgage lender that you're in prison, but you have to keep them informed.

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Get help with your mortgage

If you are paying off a mortgage and you are on remand, you may be able to get help with your repayments. You'll only get help towards the interest on your mortgage and you'll only get help for a certain amount of time.

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Support for paying mortgage interest

The help you get to pay your mortgage interest has changed.  The Support for Mortgage Interest (SMI) benefit came to an end on 5 April 2018, and has been replaced with the offer of a loan. 

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Help to pay your mortgage or secured loan

If you get certain benefits, you might be able to get help to pay the interest on your mortgage. This help will be a loan and you'll have to repay the money if you sell your home. You'll normally have to wait almost 10 months from the date you start getting other benefits until you'll get help towards your mortgage.

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How you will be affected by an interest rate rise

The Bank of England has announced the first rise in interest rates since 2007. After the Brexit referendum last June, the Bank of England reduced the cost of borrowing to 0.25%, but this announcement brings the interest rate back up to 0.5%. The people who will be most adversely affected by this increase are those households with variable rate mortgages. If you have a variable rate mortgage, your payments will increase because of this change. 

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Changes to help with housing costs for homeowners

If you own your own home and receive certain benefits, you can apply for Support for Mortgage Interest. This is a payment made to help homeowners with the cost of the mortgage on their mortgage and on certain loans.

It's now a loan payment that will have to be paid back. 

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