Support for Mortgage Interest
Reference ocds-b5fd17-f2a3c46a-b7c1-4486-8d93-b0213f19d636 · Department for Work and Pensions
Awarded to IFF Research Limited for £150,000.
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Amounts and figures
Description
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 sell or transfer ownership of their home. To be eligible for a SMI loan, the claimant needs to be in receipt of one of the following qualifying benefits: Income Support, income-based Jobseeker's Allowance (JSA), income-related Employment and Support Allowance (ESA), Universal Credit or Pension Credit.
Awards
| Awarded to | Amount | Date |
|---|---|---|
| IFF Research Limited | £150,000 | 24 November 2023 |
Official publications
| Medium | Reference | Date |
|---|---|---|
| FTS | 8da5aa21-cbf9-4d54-8628-38a4bb92eb65-767603 | 16 July 2024 |
| Contracts Finder | 8da5aa21-cbf9-4d54-8628-38a4bb92eb65-767603 | 16 July 2024 |
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Frequently asked questions
- What is the deadline to bid for this tender?
- The submission deadline is 29 September 2023, 10:00. Check the official source, as dates can be modified.
- What is the estimated value of this tender?
- The estimated value published by the buyer is £150,000.
- Who is the buyer of this tender?
- The contracting authority is Department for Work and Pensions (United Kingdom).
- How can I bid for public tenders in the United Kingdom?
- Bids are submitted through the official public procurement portal in the United Kingdom. El Vínculo helps you find tenders and analyse their documents; submission always happens at the official source.
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