MSE News: Support for mortgage interest benefit cut by thousands

dizzystu

sorry for the rant but here goes.....

I was made redundant in nov 08 thanks to my company haveing all their work pulled thanks to the banks. I did my best to get myself back into work but there was nothing.....and no help from jobcenter at all..all I was ever told was unless I had a criminal record or a drug habit they wouldnt help me...on my own I went back to college to retrain doing an ACCESS to HE diploma....which they tried to stop me doing!

My wife died in october 09, leaveing me a single parent with 3 young children....... Out of the little help I do get from benefits I still have to make up any shortfall... I get a letter 3 days before the make this reduction tell me I have to find another £150 per month for the interrest payments.

I have always worked and payed taxes.....I am doing everything in my power to get back into work and when I do really need the help the rugs pulled from underneath me and am now in danger of loseing my home!! I read these forums and most people think everyone who recieves benefits are scrounges...

like anything they shouldnt just be cut they should be targeted at the people who actualy need them.....typical Conserative Government the people at the bottom always have to pay for the people at the tops mistakes!!

poppy10_2

sapman17 wrote: »

you should only try to find ways to help people
don't bring up things that don't concern you.

It concerns all taxpayers when it is our money being used to subsidize them. Plus it is a potent reminder to other would-be buyers in similar situations as to the potential pitfalls of starting a family when you are not in a secure enough financial position to do so.

mbeast

ILW wrote: »

You lost my sympathy when you started going on about grotty council estates. Why should the people in these places be paying for you to stay in your nice area whilst you look down on them.

sorry for the way I referred to the council estate but I can't help the way I feel after working years to be able to own my house only to find out that that most people on the estate I talked about have never worked in there life as I know some people that live there which also adds insult to injury as in it feels like I would of been better of never trying to own a house in the 1st place.

sophievenusdoom wrote: »

I am probably going to sound really harsh here, but you say you were made redundant in Jan 2008, yet you have a 3 month old son? Not wishing to tell you how you live your life, but if I were in the dire situation you are, I probably would have put the baby making on hold until I were a lot more financially sound.

My wife was on the pill then but has we found out that its not 100% at working, I did mention the possibility of aborting and waiting until fiances where better but she wasn't having any of it after miscarrying a few years ago, I've now had a vasectomy so that should be 100%.


The whole point of my post is to highlight the fact that its not going to save money in the long run with what its going to do from 1st October and that I don't understand for the life of me why I'll only get £60-70 per week towards my mortgage payments of £570 per month but if I was renting this house I'd get £110 per week :S

mbeast

poppy10 wrote: »

It concerns all taxpayers when it is our money being used to subsidize them. Plus it is a potent reminder to other would-be buyers in similar situations as to the potential pitfalls of starting a family when you are not in a secure enough financial position to do so.

Believe me, Myself and many others stuck in the same situation would rather be working and not be in the trouble we now find ourselves in.

I myself has been a "taxpayer" for many years and I sure don't like having to claim benefits.

The part that saddens me the most is that if I'd never worked all my life until then I'd be better of financially, sure I wouldn't own the house I live in but then I wouldn't have a Mortgage and all the problems I'm now faced with until I'm able to get back to work.

dizzystu

the main point I think is that we were all in what we thought was secure employement, otherwise none of us would be in a position to gain morgages....employment prospects do not look good for a long while.....tell me where there is housing available for all those familys that are now going to be made homeless icluding mine? and the fact it would save the goverment more money to continue paying peoples individual intrest rather than a flat rate....now its going to cost more paying rent? typical Governments cant even look at the basic maths befor doing somthing

poppy10_2

mbeast wrote: »

sorry for the way I referred to the council estate but I can't help the way I feel after working years to be able to own my house only to find out that that most people on the estate I talked about have never worked in there life as I know some people that live there which also adds insult to injury as in it feels like I would of been better of never trying to own a house in the 1st place.

I've also been working for years and still can't afford to buy a house. Home ownership is not an automatic right, and it sounds as if you clearly can't afford it at present. I'm not trying to be harsh, but you can understand how it irks taxpayers stuck in rented accommodation to hear people like you essentially demanding a subsidy to pay their mortgage.

The government is still paying your mortgage interest, and at a rate (3.63%) which is still greater than most standard SVRs. The 6.08% rate was obscenely high and essentially a free handout to homeowners. If you can't afford to pay your mortgage even with the government making the interest payments, then you have to seriously consider whether it's sustainable for you to own a home at all.

On a constructive note, I would echo the advice of the other posters above who have suggested that you visit the Debt-Free Wannabe board - it is a really useful resource on budgeting and managing your outgoings, and you might find potential avenues for making savings that you hadn't realised yourself.

mbeast

poppy10 wrote: »

I've also been working for years and still can't afford to buy a house. Home ownership is not an automatic right, and it sounds as if you clearly can't afford it at present. I'm not trying to be harsh, but you can understand how it irks taxpayers stuck in rented accommodation to hear people like you essentially demanding a subsidy to pay their mortgage.

The government is still paying your mortgage interest, and at a rate (3.63%) which is still greater than most standard SVRs. The 6.08% rate was obscenely high and essentially a free handout to homeowners. If you can't afford to pay your mortgage even with the government making the interest payments, then you have to seriously consider whether it's sustainable for you to own a home at all.

On a constructive note, I would echo the advice of the other posters above who have suggested that you visit the Debt-Free Wannabe board - it is a really useful resource on budgeting and managing your outgoings, and you might find potential avenues for making savings that you hadn't realised yourself.

I think your miss-understanding me, I don't belive I have any rights as such, I thought I was doing the right thing when I took a 10 year fixed rate at 5.9%.
My main problem with this is that if I was renting my house I'd get £110 per week towards the rent ( same as the interest part of my mortgage ) but atm I only get £101 per week which soon will drop to £60-70 per week.

I brought the house as at the time I was getting a fairly good wage so I could afford to and it made sense to me to pay a mortgage for 25 years than paying rent until I die plus its something I can pass on in my will when its my time to die.

Every one strives for something and is part of the need to earn, that and to feed and clothe you and your family as well as some self worth for making a fair level of a life for you all.

I'll be sure to look at the dept free wannabe board for some extra tips but I've already cut back on everything I know and found out I can so far just to be able to afford what I have to payout now.

themull1

could your wife get a job and u look after the baby|?

mbeast

themull1 wrote: »

could your wife get a job and u look after the baby|?

She keeps trying but being unskilled means that for all the jobs she keeps trying for 90 odd % never replied and the few that do was just to say sorry but they'll keep her on records and the jobs mainly end up going to the lower age group so employers can pay a lower minimum wage (something that should be at one rate).

My wife has also done voluntary work to help boost her CV but atm has not been successful in her search for work.

sophievenusdoom

sapman17 wrote: »

you should only try to find ways to help people don't bring up there
things that don't concern you.

Per se I would not have brought it up had the OP not looked down on people that live in council estates, and expected the tax payer to fund his life choices.