Income Support Mortgage Interest ISMI UK Mortgage definition

UK Mortgage definition

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Income Support - Mortgage Interest (ISMI)

After a qualifying period, mortgage borrowers who are unemployed can claim support from the government called Income Support - Mortgage Interestto help with mortgage payments. ISMI is means tested and not available to everyone.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

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