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Debate House Prices
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House prives to rise by 10% each year: Nationwide report out today!
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What makes you feel you need a large bold font? In what way are you different to every other poster?This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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gingermingerr wrote: »They'll pay in FULL even if you have savings of £16,000 - sixtenn thousand pound. Quite a bit of liquid cash. They then pay the mortgage on a sliding scale if you have more money than that..............so if you have, say, £20,000 they'll pay a little less.
But they'll still pay it.
Of course, I'm sure many a person's put their savings 'aside' in some other account anyway. Tut tut!
If you lose your job and have savings of £16,000 or more (quite possible as the amount includes redundancy pay) you will not get any assistance for rent, mortgage or council tax.0 -
honeypopper wrote: »Oh yes you do actually! Check with the DWP. Fact.
http://www.direct.gov.uk/en/MoneyTaxAndBenefits/BenefitsTaxCreditsAndOtherSupport/On_a_low_income/DG_10018926
"You can't usually get Housing Benefit if:- you have savings of over £16,000, unless you are aged 60 or over and getting the 'guarantee credit' of Pension Credit"
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