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Pensions credit and SMI
System
Posts: 545 Scope community team
This discussion was created from comments split from: SMI paid as a benefit.
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Is this right? I would be greatfull for any advice. Anii
Hi Anii, no, you don't get support for mortgage interest any longer. You should have received a letter from the DWP asking you if you want to take out a loan instead. If you take out the loan, the DWP will pay the same bit of the mortgage interest as before, but you'll start owing them & they will have a charge on the property.
It's not too late to start getting the loan if you want it, but make sure you understand all the implications. Details of how to get in touch with the DWP are here (use the number for people getting pension credit, 0800 731 0469). If you didn't get the letter, or you've lost it, they should be able to send you out all the details again.
The loan has to be repaid if you sell or transfer the ownership of your home.
Hope this helps. You could also try talking to your local CAB if you want to discuss things further, but remember they can't give you financial advice (it is up to you what decision to make). If you don't take out the loan, you'll have to think about how you can manage paying the extra mortgage interest yourself.
It might be a good idea to get all your benefits checked at the same time, for example, to see if you can get Attendance Allowance (if you're not already getting it) and if so, what rate you should get.
Will