PC10 Pension Credit - Communities and Local Government

How will Pension Credit help you?●someone else is normally liable to pay these costs (usually aformer partner) but because they are no longer paying themyou or your partner now have to.Any non-dependants living in your home will be expected tocontribute towards some of these costs themselves, so your benefitmay be affected if you have non-dependants (see page 22).You can normally only get these payments for one home, but thereare some exceptions.SPCR sch IIpara 11If you are temporarily absent from your usual home you may still beable to get an extra amount for housing costs (see page 23).Housing costs explainedMortgage interestIf you have a mortgage or loan taken out to buy your home, theextra amount will include help with the interest payments. PensionCredit will not help with repayments of capital or with the premiumson any endowment or pension policy linked to the loan.Pension Credit can only help with the interest on:●●●loans for ‘acquiring an interest in a home’;loans for financing essential repairs or improvements; andloans taken out to repay loans that were used for either ofthe above.Where a mortgage is taken out partly for another purpose, suchas buying a car or as a business loan, the extra amount will includeinterest only on the part of the loan used to buy or repairyour home.A replacement mortgage will only be met to the same level as theoriginal mortgage. For example, if you used the new mortgage orloan partly to clear debts or to replace another loan which was notpreviously met, the extra amount would not include interest on thatpart of the new mortgage or loan. See leaflet INF8(PC) Home owners– help with housing costs for more information.17