Support for Mortgage Interest Discussion Area

[Deleted User]

churchills2 wrote: »

What can I say.. I dont have Mortgage payment protection as I dont believe its worth the paper its printed and this is my personal opinion... and then I was made redundant from my job. Mortgage protection if I had it would cover the mortgage but not the rest of my bills so I got myself another job.... just to be finished up a few weeks later under the excuse of "you work is not up to standard" as they relocated to another part of the country employing cheaper foriegn labour so my morgage protection wouldnt be usable, however, with regards to the government help, I dont see why the government cant pay the mortgage. My mortgage is appox £430 a month which is a lot but not to much but in reality the government wont pay my mortgage, I get my house repossesed and then Im homeless and find a private landlord who charges me £550 a month rent and I pass that onto the government who say "yes thats fine we will pay that as your on benefits" Why dont the government say "well ok you have a 3 bedroom house and we will allow you £450 a month as if its the same as a private landlord" but if you have a mortgage of say £700 then the government should say "well were only prepared to pay £500 and the rest you have to pay for yourselves" and have a 12 month cap on this so no-one can buy a house for £300k and 'lose' thier job and make the government py the rest. This opinion should be useful, stop peoples houses being repossesed and help people back to work and not be abused by dodgy landlords upping the rent so the government pay it and stopping people from taking work as they wont be able to afford to sign of with thier £600 a month rent... would you. Give it some though!!!

Sorry most of that wouldnt work,for private tennants its now LHA not H/B,and theres a big difference,for mortgages they now pay all the interest after 13 weeks upto 200k,used to be 39 weeks and 100k,so a big improvement,they have also held the applicable interest rate at 6.08% until May,it should now be 2.58%,so whilst many benefits are a dogs breakfast the current ISMI rules are a big big improvement.
IMHO if people want the benefits of home ownership they should ensure they have some savings to fall back on for at least 3 and preferably 6 months,but if theyd rather have 2 weeks in the sun and that second family car instead of some savings then they almost deserve to be repossessed

ali_p_4

That is a tad unfair woodbine I would love the chance to have 3 months worth of mortgage as savings. Unfortunately i don't as i was struggling through various reasons. I was put out out of work ,had to claim incapacity benefit for 3 months whilst ill. Just for the record i am hardly ever ill normally. I haven't had a holiday for 8 yrs and run one car. I came close to losing my house but thankfully managed to get back to workand save it. It is costing me a small fortune at the moment paying back the arrears on top. I wasn't entitled to any help. I can see, and had jcp people discussing with me and agreeing, the op said had he have been in rented or council accomodation it would have ben taken care of from square one. That is where the unfairness lies. I could have let my repossession run it's course and then been in need of council help which i would then have been able to claim. It doesn't make sense.

Dannyw

My son was made redundant end Dec 08 & signed on to receive contribution based JSA @£47/wk early Jan 09. Having bought his own house 14 months ago he asked what support there was available for mortgage interest payments & was advised for him... none. If he was renting, had a child, etc he could have support but as a single male aged 20+... tough. Where is this mythical government support???

[Deleted User]

ali_p wrote: »

That is a tad unfair woodbine I would love the chance to have 3 months worth of mortgage as savings. Unfortunately i don't as i was struggling through various reasons. I was put out out of work ,had to claim incapacity benefit for 3 months whilst ill. Just for the record i am hardly ever ill normally. I haven't had a holiday for 8 yrs and run one car. I came close to losing my house but thankfully managed to get back to workand save it. It is costing me a small fortune at the moment paying back the arrears on top. I wasn't entitled to any help. I can see, and had jcp people discussing with me and agreeing, the op said had he have been in rented or council accomodation it would have ben taken care of from square one. That is where the unfairness lies. I could have let my repossession run it's course and then been in need of council help which i would then have been able to claim. It doesn't make sense.

I was making the point that too many people prefer 2 cars and holidays abroad every year then when push come to shove they dont have a bean in savings,I agree that people who rent get help almost from day one whilst those of us with mortgages have to wait,but there are very reasonable insurance policies avaliable(not the ones offered by the banks)that will cover you for 12 months out of work.
But the main point i was trying to make is that ISMI has improved a hell of alot this year.

[Deleted User]

Dannyw wrote: »

My son was made redundant end Dec 08 & signed on to receive contribution based JSA @£47/wk early Jan 09. Having bought his own house 14 months ago he asked what support there was available for mortgage interest payments & was advised for him... none. If he was renting, had a child, etc he could have support but as a single male aged 20+... tough. Where is this mythical government support???

Sadly and wrongly single people under 25 get a very raw deal when it comes to benefits,or virtually non existant benefits

mac10_3

I came off benefits and took a work from home job, designing web sites. I am disabled and was on DLA as well as income support. The job at first seemed to work out fine, I therefore remortgaged my house for £96,000. A short time after this the criteria of the job changed and I was asked to go out and meet clients at their places of business. Due to my disability I found I could not do this and was advised by my doctor to quit the job. I therefore went back on benefits, as well as still recieving DLA.

The DWP has since refused to pay my mortgage interest on the full £96,000 mortgage, but pay it only on the £48,000 of my original mortgage, which includes a added home improvement loan for £12,000 taken out at the same time, stating the reasons as that the extra money from my remortgage was used for paying of debts.

It has also since come to my attension that the rules changed in 1995 regarding interest payments on further loans taken out at the same time as the original mortgage for home improvements, these loans were since 1995 payable along with the original mortgage loan amount. The DWP from 1989 up until my starting employment in 2006 stated that they could not make interest payments on the home improvement loan, this was wrong from 1995 onwards to 2006.

They say they have now gone back to the original figure of £48,000 however the original interest they were paying on the mortgage loan was £36,000 the other £12,000 was the home improvement loan. Would it be possible to claim this interest on the home improvement loan of £12,000 from 1995 to 2006 and if so how should I go about it.

123joe

i asked my lender, who do support this scheme, as my 13 weeks unemployed is on the 20th, but was told it doesn't start till april and is yet to be finalised, i do intend to ask when i sign on friday at he jobcentre and see what they have to say, i do expect a different reply

ali_p_4

woodbine wrote: »

I was making the point that too many people prefer 2 cars and holidays abroad every year then when push come to shove they dont have a bean in savings,I agree that people who rent get help almost from day one whilst those of us with mortgages have to wait,but there are very reasonable insurance policies avaliable(not the ones offered by the banks)that will cover you for 12 months out of work.
But the main point i was trying to make is that ISMI has improved a hell of alot this year.

Yes I agree things have improved but Myself as are a lot of other people struggle to pay the basics. I work and do whatever overtime i get the chance of. I can see what you are saying but please don't generalise us.:)

credit_crunch_victim

trouble with the mortgage protection policies is that are basicly worthless to a self employed person or they were when i looked into them
some people have had two cars two holidays and savings and are still finding it hard

Ceri_Edwards

[quote=MSE_Dan;184068

This threads specifically for discussing the Support for Mortgage Interest benefit, available to homeowners struggling to repay the mortgage.

Read the Support for Mortgage Interest section
of the full Mortgage Arrears Help Guide

Click reply to discuss this.

If you want to discuss a different aspect of mortgage arrears help, jump to the Homeowner Mortgage Support Scheme, Mortgage Rescue or General Mortgage Arrears Help threads.

[/quote] I have been claiming Income Support since 13th Jan and no-one seems to be able to tell me in simple terms how to apply for the support for mortgage interest...I have spoken to the Abbey and they say they have no direction from their HO and therefore litigation procedures will commence if my mortgage is unpaid...the same for my local Job centre as of yesterday they told me that they were totally unaware of the 13 wks and they are stating 39 weeks.........!!