mortgage interest payments

wellington · 16 September 2004 at 1:13AM

Can anyone clarify the rules/liklihood/qualifying of mortgage interest payments? I cannot find anything on the DWP website.
Thank you

Ted_Hutchinson · 16 September 2004 at 1:32AM

A guide to Income Support (IS20 Apr 2004)

If you read from page 91 in the above guide you'll find what you want.

A simpler version is here
Homeowners Help with housing costs IS8

You will find reference in both leaflets to the DWP Standard Interest Rate. The DWP Standard Rate was 5.7% but changed in March to 5.33% So, when your waiting period has been completed, you will have to check to what extent the rate of interest paid by the DWP is different from the rate of your mortgage and make up any difference, or come to some arrangement with the BS.

cjs_5 · 11 January 2005 at 6:03PM

Hi - viewed the documents relating to interest payments by the DSS - but does anyone know how long the payments last for?

Thanks
CJS

Ted_Hutchinson · 11 January 2005 at 8:44PM

For as long as the mortgage interest is charged, or until there is a change in circumstance which ends the entitlement.

There is a little more information here Shelter. Help with Mortgage Interest

mortgage interest payments

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