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  • FIRST POST
    • AG47
    • By AG47 8th Feb 18, 4:44 PM
    • 649Posts
    • 153Thanks
    AG47
    Lost job, mortgage payments?
    • #1
    • 8th Feb 18, 4:44 PM
    Lost job, mortgage payments? 8th Feb 18 at 4:44 PM
    Very worried, just found out going to be made redundant.

    If I sign on jsa, can I get my mortgage interest paid?

    If so for how long?
    Nothing has been fixed since 2008, it was just pushed into the future
Page 1
    • anmarj
    • By anmarj 8th Feb 18, 4:49 PM
    • 1,624 Posts
    • 1,274 Thanks
    anmarj
    • #2
    • 8th Feb 18, 4:49 PM
    • #2
    • 8th Feb 18, 4:49 PM
    https://www.gov.uk/support-for-mortgage-interest/eligibility

    Mortgage interest payments made with certain means tested benefits, under pension age and you have to wait 39 weeks before you can claim.

    There are changes coming in that from April 18, it changes to a loan which is the paid back. The link gives more details
    mummy to one

    "A little knowledge is a dangerous thing"
    • AG47
    • By AG47 8th Feb 18, 4:50 PM
    • 649 Posts
    • 153 Thanks
    AG47
    • #3
    • 8th Feb 18, 4:50 PM
    • #3
    • 8th Feb 18, 4:50 PM
    SMI is currently paid as a benefit. From 6 April 2018 it will be paid as a loan.

    Whether your SMI will be paid as a benefit or a loan depends on when you get, or are treated as getting, your qualifying benefit.
    Nothing has been fixed since 2008, it was just pushed into the future
    • AG47
    • By AG47 8th Feb 18, 4:52 PM
    • 649 Posts
    • 153 Thanks
    AG47
    • #4
    • 8th Feb 18, 4:52 PM
    • #4
    • 8th Feb 18, 4:52 PM
    So you get a loan to pay the loan.

    I wonder what the interest rates are for the government loan to pay the interest on your mortgage loan?
    Nothing has been fixed since 2008, it was just pushed into the future
    • pmlindyloo
    • By pmlindyloo 8th Feb 18, 5:00 PM
    • 11,137 Posts
    • 13,052 Thanks
    pmlindyloo
    • #5
    • 8th Feb 18, 5:00 PM
    • #5
    • 8th Feb 18, 5:00 PM
    If you are entitled to it yours will be a loan as there is a waiting period of 39 weeks.

    Have you checked whether you have any Income Protection cover? (people often forget that they have taken it out)

    Will you get any redundancy money?

    Can you get another job? (anything really as you may be entitled to other benefits to top up your income)

    If all else fails you need to speak to your mortgage lender and ask for a 'payment holiday'/interest only for a period/extend the terms.
    • marliepanda
    • By marliepanda 8th Feb 18, 5:31 PM
    • 5,219 Posts
    • 10,699 Thanks
    marliepanda
    • #6
    • 8th Feb 18, 5:31 PM
    • #6
    • 8th Feb 18, 5:31 PM
    You were renting and looking to get a council place barely 4 months ago?

    http://forums.moneysavingexpert.com/showthread.php?t=5724541
    • xylophone
    • By xylophone 8th Feb 18, 6:58 PM
    • 24,544 Posts
    • 14,394 Thanks
    xylophone
    • #7
    • 8th Feb 18, 6:58 PM
    • #7
    • 8th Feb 18, 6:58 PM
    You were renting and looking to get a council place barely 4 months ago?
    He didn't actually say that he was renting.

    I wonder was it the case that he was looking to get on the housing list for an adapted property suitable for his disabled son, the plan being to sell the family home and use any equity in paying rent for the council property?

    There have been cases mentioned before where an elderly person has sold a home and moved into rented council/housing association sheltered housing.
    • NeilCr
    • By NeilCr 8th Feb 18, 7:07 PM
    • 1,268 Posts
    • 1,555 Thanks
    NeilCr
    • #8
    • 8th Feb 18, 7:07 PM
    • #8
    • 8th Feb 18, 7:07 PM
    Was on HB this time last year

    http://forums.moneysavingexpert.com/showthread.php?t=5599886
    • marliepanda
    • By marliepanda 8th Feb 18, 7:16 PM
    • 5,219 Posts
    • 10,699 Thanks
    marliepanda
    • #9
    • 8th Feb 18, 7:16 PM
    • #9
    • 8th Feb 18, 7:16 PM
    He didn't actually say that he was renting.

    I wonder was it the case that he was looking to get on the housing list for an adapted property suitable for his disabled son, the plan being to sell the family home and use any equity in paying rent for the council property?

    There have been cases mentioned before where an elderly person has sold a home and moved into rented council/housing association sheltered housing.
    Originally posted by xylophone
    The second post says 'Somebody said you have to wait until you are in default on your rent, then get a notice from your landlord, then and only then will you get offered a house.

    But is there not a way to get on the waiting list before that?'

    Wy would someone with a mortgage wanting to get on the housing list bring up these points?

    Also from the month before: http://forums.moneysavingexpert.com/showthread.php?t=5706444&page=2

    Specifically mentions being on income support and housing benefit.
    Last edited by marliepanda; 08-02-2018 at 7:33 PM.
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