Housing and independent living
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support for mortgage interest S.M.I.

bazzerfewibazzerfewi Member Posts: 2 Listener
I have lived in the same one bedroomed property since 2001 with my wife, we are now in receipt of benefit and we are receiving Support For Mortgage Interest. We have been with the same lender Nationwide for over 15 years and they are now advising us that we should sell the property and move into a housing association property. At present the SMI pays the interest and a bit more and we are paying £100 every 4 weeks towards the capital. We have also suggested that in 2025 when both my wife and I receive our state pension we will be in a position to sell the property with the use of an Equity Release Scheme and pay off the mortgage. We thought this was a reasonable plan, we would like advise in regard to the DWP and SMI programme (dwp and uk mortgages lenders no customer will be evicted) we have had verbal confirmation in this regard but we cannot find it in writing can somebody point us in the right direction please 


  • Antonia_AlumniAntonia_Alumni Scope alumni Posts: 1,781 Pioneering
    edited May 2019
    Hi @bazzerfewi how are you doing today? I am not entirely sure, you may contact these organisations who may point you in the right direction. Our members who are more knowledgeable on this, will be able to support you. Please keep us updated.
  • ThreesticksThreesticks Member Posts: 128 Pioneering
    All the mortgage company is about is getting their cash. I wouldn't trust them with your future. Get independent advice. Ask the Nation wide to send you their code of practice. Whomever gave you the advice about eviction, ask them to write to you with said advice, in a leaflet if they have one. Or, if they have a website and download the info. 

    Here's a link for Lending code of practices for all types of lending, including mortgage lenders. https://www.bba.org.uk/wp-content/uploads/2013/12/2011-Lending-code-revised-28-Sept-2015.pdf

    If you fight, you won't always win. But if you don't fight you will always always lose.
  • poppy123456poppy123456 Member Posts: 22,218 Disability Gamechanger

    Selling your house and moving into a housing association property isn't as easy as you may think. Waiting lists for these houses in most local councils are huge, some are years long. It may not be possible for this to happen. Also being success in getting one of these houses will depend on your circumstances and selling your home and having savings could go against you.

    This really isn't something you should discuss on an internet forum and you'll definitely need expert face to face advice.
    Proud winner of the 2019 empowering others award. This award was given for supporting disabled people and their families for the benefit advice I have given to members here on the community.
  • atlas46atlas46 Member Posts: 827 Pioneering

    You really do need to seek, advice from the experts.

    Your first port of call, give the Money Advice Service advice line a ring on 0800 138 7777.

    Please note, any savings you may have, will be taken into consideration, in respect of means tested benefits.

    Hope this helps.
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