We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Smi (Support for mortgage interest) while in an IVA
ES19901990
Posts: 87 Forumite
Hi all does anyone claim the SMI (support for mortgage interest) while in an IVA?
I am looking at all my debt options currently and if I am unable to claim SMI that will massively reduce what I can pay. Would only be around £100pcm and on debts of £75000 not sure that would even be accepted as an IVA?
I am looking at all my debt options currently and if I am unable to claim SMI that will massively reduce what I can pay. Would only be around £100pcm and on debts of £75000 not sure that would even be accepted as an IVA?
0
Comments
-
Have a read of the information on this page: Deciding if you should apply for SMI - Citizens AdviceThe comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always try to check official information sources before relying on my posts.0
-
That’s great thank you, I understand the reasoning I guess that the house would sell for less. The whole thing is I want to protect the house with the IVA so ideally I need the SMI to help with to make payments meaningful.
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards