Financial help for homeowners

Avoid losing your home

Are you a homeowner struggling to make ends meet? There may be benefits available to you.

Many homeowners miss out on extra weekly income because they do not know they can claim. The benefit system is complex and can be difficult to understand. Don't assume that you cannot claim extra help because you own your home.

For example, you may be able to get help towards:

  • housing costs, including interest payments on your mortgage or home loan, ground rent and some service charges
  • Council Tax
  • repairs and home improvements.

Help with housing costs

You may get help towards your mortgage interest payments and interest on loans taken out for repairs or improvements if you receive one of the following benefits:

  • Income Support
  • income-based Jobseeker's Allowance
  • income-related Employment and Support Allowance
  • Pension Credit Guarantee.

How much help you get is worked out using a standard rate of interest. The standard rate used is the same as the Bank of England's monthly average mortgage interest rate.

If your housing costs are not being met in full, you should inform your lender to discuss how to resolve the situation.

Your lender may be prepared to accept interest-only payments for a while. It is important to get advice at an early stage in order to avoid falling into arrears and risk losing your home.

Further information

Depending on your circumstances there may be other help available to you. Please read our advice leaflet for homeowners for more information.