How To Apply For Mortgage Interest Relief

How to Apply for Mortgage Interest Relief

Understanding Mortgage Interest Relief

Mortgage Interest Relief (MIR) is a government-backed scheme that helps homeowners with mortgage payments. It can reduce the interest payable on your mortgage for a period of time.

To qualify for MIR, you must meet certain criteria, such as being on a low income or having experienced a significant change in your circumstances.

How to Apply for Mortgage Interest Relief

You can apply for MIR online or by post. The application process is relatively straightforward, but you will need to provide certain information, such as your income and expenditure.

Once you have submitted your application, it will be processed by the relevant government department. You will usually be notified of the decision within a few weeks.

What Happens if My Application is Approved?

If your application for MIR is approved, you will receive a letter confirming the amount of interest relief you are entitled to.

The interest relief will be applied to your mortgage account automatically. You will not need to do anything further.

What Happens if My Application is Rejected?

If your application for MIR is rejected, you will receive a letter explaining the reasons for the decision.

You can appeal the decision if you believe that it is incorrect.

Additional Information

For more information about MIR, you can visit the government website or contact your local Citizens Advice Bureau.