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4 years 10 months ago #233536 by Newbie100
SMI loan was created by Newbie100
Sorry me again
I’m on both contributions rate and income related ESA.
When I move in with partner we will be having a mortgage. I know I will lose the income related element but I assume because I’m on ESA contributions and income related I would able to apply for an SMI loan to help pay mortgage interest? If so, our mortgage rate is to be 4.89% and if DWP only pays 2.61% for SMI would our mortgage interest rate effectively be just 2.2%?

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4 years 10 months ago #233546 by Gordon
Replied by Gordon on topic SMI loan
Newbie

See my answer to your previous question.

Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems

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4 years 10 months ago #233558 by AL
Replied by AL on topic SMI loan
You will.still be paying a loan with smi, and at some point you will.need to pay the smi loan including the interest unless you fil the exclusions.

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