Thousands of households across the UK could be missing out on payments worth more than £4,000 due to a little-known government scheme that many Universal Credit claimants aren't aware of.
The Hidden Support You Might Be Owed
The Department for Work and Pensions (DWP) is urging Universal Credit recipients to check their eligibility for Support for Mortgage Interest (SMI) payments. This crucial financial support helps homeowners cover their mortgage interest payments during times of financial difficulty.
What Exactly Is SMI?
Support for Mortgage Interest isn't a traditional grant or gift - it operates as a loan secured against your property. However, the government covers your mortgage interest payments, providing vital breathing space when you need it most. The best part? These payments can be backdated for up to three months from your application date.
Who Qualifies for This Financial Lifeline?
To be eligible for SMI support, you must meet specific criteria:
- Be receiving Universal Credit
- Own the property you live in
- Have a mortgage on your main residence
- Meet the capital limit requirements
The Clock Is Ticking
There's a crucial deadline approaching that could see many households miss out on substantial financial support. The DWP has confirmed that new SMI loan applications must be submitted by April 5, 2026. After this date, the scheme undergoes significant changes that could affect how much support you receive.
How Much Could You Receive?
While individual payments vary based on circumstances, some households have received over £4,000 in backdated support. The actual amount depends on your mortgage interest rate and the size of your outstanding loan.
Take Action Now
If you're on Universal Credit and own your home, don't leave money on the table. Contact the DWP immediately to check your eligibility and potentially secure thousands of pounds in financial support that could make a real difference to your household finances.
