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Government help

You may be able to apply for one of the government schemes to help you with your mortgage payments. This will depend on your situation and who your mortgage lender is.

These are some of the schemes that are available. Not everyone is eligible to join all of the schemes.

Support for Mortgage Interest Payments

You may be able to get some government help towards your mortgage if you are receiving Jobseekers Allowance, Income Support or Pension Credit [claming benefits page]. The government will only pay the interest part of your mortgage payments.

Please call our Helpline and one of our advisors will be able to give you specialist mortgage advice. We can tell you if you qualify for any of these schemes and answer questions.

FAQs

How can I find out what benefits I can claim?

You may be entitled to some Government benefits to help increase your income. You could speak to your local benefits office or visit NI Direct, the Governement benefits website. If you are struggling with debts and would like advice on benefits please call our helpline. One of our specialist advisors will be able to check what you are entitled to.

How can I find out what type of mortgage I have?

If you are not sure what type of mortgage you have you should contact your lender or check your mortgage agreement.

What is the difference between a repayment and interest only mortgage?

If you have a repayment mortgage, every time you make a payment you pay of some of the capital and the interest. This means that when the mortgage ends you will own your house.

If you have an interest only mortgage, when you make a payment you are only paying the interest and not any of the capital. If you have an interest only mortgage of £100,000 over 20 years, at the end of that 20 years you will still owe £100,000. This is because you will only be paying the interest and not the capital back.