Will I lose my house???

blueopal5577

realised people have already covered some of my points now ive read in more detail, it was an instinctive reply sorry

mummytofour

blueopal5577 wrote: »

realised people have already covered some of my points now ive read in more detail, it was an instinctive reply sorry

I found it a very nice and useful reply:T

makingendsmeet_2

ALIBOBSY wrote: »

BTW shared ownership gets interest straight away as do renters on housing benefit.

Is this right Ali??? How do you know this? I am on S/O and have got housing benefit on the rent. But nothing for the mortgage. Maybe i need to chase the IS people up.

djdido2

It was a brilliant reply and I will be private messaging blueopal to personally thank him/her! NOt quite got any nearer through the quagmire yet but I am looking into everything. If I give up my job can I make an automatic claim for Income Support?????? confused!!!

Loopy_Girl

djdido2 wrote: »

If I give up my job can I make an automatic claim for Income Support?????? confused!!!

Yes you can. As a lone parent and your youngest is 5 then you would be entitled. There are no sanctions and you don't even have to give a reason but if asked you could just say that you couldn't cope working and being a lone parent.

Chin up petal x

ameratsu

What a nightmare situation for you - it's never made sense to me that people in rented places get all sorts of help but mortgage payers get virtually nothing, how many people are able to hang on for the long wait until the interest payments kick in? Not many I suspect.

It's infuriating to think that some people in rented homes actually CHOOSE to sit on their backsides all day whilst safe in the knowledge that everything is paid for and just have another child every few years to keep the benefit levels high and yes, I do know such people.

Peoples mortgages should be paid for the first 6 months so they can sort themselves out.
I can understand why people with no equity in their homes are saying sod it and going bankrupt. They can't force the sale of a house if you have young children either.

SuziQ

ameratsu wrote: »

Peoples mortgages should be paid for the first 6 months so they can sort themselves out.
I can understand why people with no equity in their homes are saying sod it and going bankrupt. They can't force the sale of a house if you have young children either.

This makes so much sense!

I suppose they think:
you will have insurance (but many people like me can't get it-as I was working for our own company I just could not get it)
you will have savings to cover you a few months (in this day and age? When relationships break up the money gets split and the person leaving has unexpected costs as well)
they hope you will get back to work before they have to help you (again-I wish!)

djdido2

But I am currently in receipt of WTC/CTC what will happen to these payments???, I realise they will stop as one will cancel out the other but I am due a payment next tues and am absolutley desperate for the money. I have not quit work yet I am on holiday and due to start back next monday morning, so scared of telling my boss as I am such a softie and feel like I am letting people down. When do I make a claim and is there any point if I am about to receive full student funding. (There is so much to do I can't cope).

chivers1977

SuziQ wrote: »

Abbey have quoted me £250 to process going onto interest only-which I don't have at the moemnt- plus they may refuse but don't return the £250 if they decline you! So not a cheap solution,but it would save me about £180 per month if accepted.

As far as I am aware, the fee should only be £75 for a switch to I/O, unless they are charging you a higher fee due to the arrears. However if you mention treating customers fairly....this normally assists with reducing fees!

djdido2

Well I am part the way there into getting to the bottom of all my problems one by one and would just like to hugely thank all the brilliant people here who give up their time to reply and/or offer support.

There now seems to have been a huge mess up with both my student finance and the offer of a place at Uni so thats another lot of sorting out to do but just wanna add that due to you lot I feel much more positive and I love this site!!


Cheers (Beer )