Support for Mortgage Interest
SMI provides support to out of work and retired mortgage holders claiming income-based benefits. It aims to prevent repossession by making a contribution towards mortgage interest payments. Initially provided as a benefit, in April 2018 SMI changed from a benefit to a loan repayable upon the sale of the property. SMI loans are available to claimants on certain benefits to help meet the interest payments on their mortgage. SMI is paid as a loan, which the recipient will need to repay with interest, usually when they...
Buyer
Department for Work & Pensions
Value
£150,000
Published
16 Jul 2024
Closes
29 Sept 2023
Procurement details
Source
Contracts Finder
Region
Westminster
Procurement method
Selective
Category
Services
Contract starts
24 Nov 2023
Contract ends
17 May 2025
CPV classifications
73000000
Research and development services and related consultancy services
Lots
Lot default Support for Mortgage Interest
£150,000
SMI provides support to out of work and retired mortgage holders claiming income-based benefits. It aims to prevent repossession by making a contribution towards mortgage interest payments. Initially provided as a benefit, in April 2018 SMI changed from a benefit to a loan repayable upon the sale of the property. SMI loans are available to claimants on certa...
Delivery: British Oversea Territories, Channel Islands, Europe, Isle of Man, Rest of the World, United Kingdom
Documents
Unlock document linkAwarded contract notice on Contracts Finder
17 Jan 2024
Awarded contract notice on Contracts Finder
Award notice · Web page
n/a
Not provided
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Restriction on email files in Jaggaer
Not provided
Restriction on email files in Jaggaer
Sources of Jaggaer guidance
Not provided
Sources of Jaggaer guidance
Contains public sector information licensed under the Open Government Licence v3.0.