URGENT Changes to Morgage Interest Support [merged]

dmg24

dave030445 wrote: »

hi just got the letter this morning saying it was going to drop I'm now at a £80 a week short fall on my mortgage interest how am we to pay the money. The mortgage company weren't any help they just said it needs to be paid. I'm on ESA and my wife gets carers allowance for looking after me. How can they do this we have no way of paying this extra money. We are going to loss are house over this so then a disabled man his wife and 3 young children will be homeless is this fair. haven't told the wife yet things are bad enough already

Unfortunately there is little you can do at present, there is on additional help available. I would suggest that you contact your MP to advise them of the hardship you now find yourself in.

yampy

HELP. I had a letter today from DWP cutting my support for morgage interest by £80 per week. Anybody else out there with the same problem? Is it worth appealing? I was expecting this because of the budget, but didn't expect it till December. I wrote to my MP a month ago but she hasn't responded yet.....:eek:

dave030445

hi there yes that is the same as what happen to me cut by £80 lets see how many people on here there is and maybe try and get a petition together cause this cant happen we will lose our house through this. Ive just wrote a letter to my MP. did you get a reply. keep in touch something has to be done we cant just let them do this
dave

andyandflo

yampy wrote: »

HELP. I had a letter today from DWP cutting my support for morgage interest by £80 per week. Anybody else out there with the same problem? Is it worth appealing? I was expecting this because of the budget, but didn't expect it till December. I wrote to my MP a month ago but she hasn't responded yet.....:eek:

Hi, yes this is one of the many cuts that the government have talked about for a few months now. There is no appeal in this, the legislation is such that they have reduced the help that you were receiving from 6.08% to a little over 3%.

The fact of the matter is that if you can't find the extra £80 out of your current income, then you are to consider, quite quickly what your options are.

Either get more income/reduce your other outgoings or sell up & rent.

For a large number of people on fixed income and not able to increase it, the writing is on the wall. It maybe a case of just handing the keys back to the bank even.

However if there is enough equity in the property to buy somewhere else - maybe a smaller, cheaper place then that is also an option.

But for most, losing your home is now a real possibility.

dave030445

andyandflo wrote: »

As if?.............

if enough people write / complain surely they will have to listen lets not give up quite yet or hand your keys in just yet

dmg24

dave030445 wrote: »

hi there yes that is the same as what happen to me cut by £80 lets see how many people on here there is and maybe try and get a petition together cause this cant happen we will lose our house through this. Ive just wrote a letter to my MP. did you get a reply. keep in touch something has to be done we cant just let them do this
dave

I don't have a lot of faith in petitions tbh. A campaign/ complaint such as this needs someone to take personal responsibility for moving it forward, and that person would ideally be an MP. They have the resources and contacts to gain support from other MPs, as well as relevant interest groups.

Does your MP have a local surgery soon? It would be worth seeing them personally to get things moving (or in yampy's case, to find out why they have not responded).

dave030445

dmg24 wrote: »

I don't have a lot of faith in petitions tbh. A campaign/ complaint such as this needs someone to take personal responsibility for moving it forward, and that person would ideally be an MP. They have the resources and contacts to gain support from other MPs, as well as relevant interest groups.

Does your MP have a local surgery soon? It would be worth seeing them personally to get things moving (or in yampy's case, to find out why they have not responded).

iam going to take your advice and ring up tomorrow and make appointment to see him. please can other people do the same and post back hows you got on

ilovemydebts

the important thing to remember this benefit is to help pay your mortgage interest, not your mortgage!. I to got the letter today, hopefully it will cover the interest, or rather the 80% of the interest which according to the mortgage comp is important .When it was set at 6% there were people doing well out of the rate not it has dropped some will still be doing ok and others not, swings and roundabouts. They will never set payments out accorfing to your own situations as far to costly and in the current financial stitution we are in thanks to the spend spend and worry about it later government, good old labour government, noone will sign off on spending a fortune to appease the few.

dmg24

ilovemydebts wrote: »

the important thing to remember this benefit is to help pay your mortgage interest, not your mortgage!. I to got the letter today, hopefully it will cover the interest, or rather the 80% of the interest which according to the mortgage comp is important .When it was set at 6% there were people doing well out of the rate not it has dropped some will still be doing ok and others not, swings and roundabouts. They will never set payments out accorfing to your own situations as far to costly and in the current financial stitution we are in thanks to the spend spend and worry about it later government, good old labour government, noone will sign off on spending a fortune to appease the few.

Dave did state that the shortfall is on his mortgage interest.

The govt do make provision for individual circumstances for those who rent, so it should be no more costly to apply the same type of system to mortgage interest.

ilovemydebts

wasn't commenting on daves specifically, and doesn't rent benefit now work on averages for the area?