Contracts Finder · Award
Support for Mortgage Interest
A public procurement published by Department for Work and Pensions via Contracts Finder.
- £150k
- Award value
- £150k
- Tender value
- 1
- Suppliers
- 1
- Awards
- 2
- Notices
- Award
- Stage
Overview
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-b…
Key details
- Source
- Contracts Finder
- Lifecycle stage
- Award
- Status
- complete
- CPV classification
- 73000000 — Research and development services and related consultancy services
- Currency
- GBP
- Total award value
- £150,000
- Tender value
- £150,000
- First published
- 17 Jan 2024
- Last updated
- 16 Jul 2024
Awards
1 award recorded on this procurement.
| Supplier | Companies House | Awarded | Status | Value |
|---|---|---|---|---|
| IFF Research Limited | — | 17 Nov 2023 | active | £150k |
Notice timeline
Every published notice in this procurement's lifecycle.
All suppliers
Frameworks & programmes
More from Department for Work and Pensions
FAQs about this procurement
Who is the buyer for "Support for Mortgage Interest"?
Support for Mortgage Interest is a UK public-sector procurement published by Department for Work and Pensions via Contracts Finder.
Has "Support for Mortgage Interest" been awarded?
Yes — 1 award is recorded, with a reported total value of £150,000. The current lifecycle stage is "Award".
Which suppliers are involved in "Support for Mortgage Interest"?
1 supplier is linked: IFF Research Limited.
What is "Support for Mortgage Interest" worth?
The reported award value is £150,000.
When was "Support for Mortgage Interest" published?
It was first published on 17 Jan 2024 and last updated on 16 Jul 2024, across 2 notices.
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