MSE News: Support for mortgage interest benefit cut by thousands

sophievenusdoom

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.

You tried, and failed due to circumstances outside of your control. Now you have to take the best option for your family. If that is living temporarily in a council estate til you get back on your feet, that then is the path you must take.

mbeast wrote: »

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

Sorry, I didn't mean to make you go into detail, but obviously you are not in a great situation, and people do take a stark interest when you are talking about their hard earned money that is being spent (by way of taxes).

I do wish you well in whatever you decide to do

sophievenusdoom

mbeast wrote: »

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.

Shelf stacking in Sainsbury's out of the question?

mbeast

sophievenusdoom wrote: »

You tried, and failed due to circumstances outside of your control. Now you have to take the best option for your family. If that is living temporarily in a council estate til you get back on your feet, that then is the path you must take.

This is true but if I was aloud the same towards my Mortgage as I would be towards renting somewhere then I wouldn't have a problem with the new government payments towards those in my situation.

I believe it should be they pay interest up to the housing benifts level to home owners as they would get if in rented accommodation, If the interest part of the mortgage is less than that level then you only get paid the lower amount, if its higher then you then only get paid at the new interest rate they are now willing to pay up to.

That alone would save a fair few from being in this problem of possibly losing there homes to possibly ending up in rented accommodation that could or will end up costing the government and the tax payers more in the long run.

sophievenusdoom wrote: »

Shelf stacking in Sainsbury's out of the question?

there are 3 supermarkets near us and my wife has applied there for that job as well as others like checkout operator and got turned down for all of them, most likely the job went to a younger person that they can pay a lower minimum wage as oppose to her ability to do the jobs.

Its a great shame as I know how hard she tries.

poppy10_2

mbeast wrote: »

the jobs mainly end up going to the lower age group so employers can pay a lower minimum wage

mbeast wrote: »

there are 3 supermarkets near us and my wife has applied there for that job as well as others like checkout operator and got turned down for all of them, most likely the job went to a younger person that they can pay a lower minimum wage as oppose to her ability to do the jobs.

If you genuinely believe that large companies like Sainsburys and Tesco are only employing people under the age of 22 (the cut off for the lower minimum wage), then you should be pursuing them for age discrimination.

citizen11

opinions4u wrote: »

One of my first ever jobs working for the old Halifax Building Society was advising the DHSS what rate of interest customers were paying on their mortgage.

Most mortgage lenders only had one interest rate back then, and those rates were within 0.5% of each other.

So it made sense to save on paperwork to introduce a single rate which happened, I think, in the early 1990s.

The market has changed massively since then. We have SVRs in the mainstream ranging from 2.5% - 4.99%. We have introductory rates between 2.19% and 6.99%.

So government bodies haven't kept up with the market and a one-size fits all benefit doesn't quite work.

Still, it's not the time to be paying for more staff on the government payroll to cover this. Perhaps claimants should just be grateful that they receive anything at all, especially if they chose not to protect their mortgage.

I am just taking on a mortgage. Why would I pay money in addition to national insurance to protect the payments? Seems like it would just be a waste. The sensible, moneysaving option would be to let the state pay.

citizen11

lemontart wrote: »

this confuses me as in the long run they will end up paying more in benefits towards rent as people loose their homes are forced into the rental market and the meeting hte costs of temporary accomodation is no doubt often a lot more than the interest repayments on a mortgage, I am lucky at mo as coming to end of mortage so only 180 a month plus endowment (though I am facing a shortfall when it matures in couple of years) now to pay rent on a 2 bed place in my area is around 350 plus so difference is considerable as renters get more finacial help than house owners. so surely the simple maths of it does not add up.
This is a short sighted cut that will cost more than it saves in the long term

I the long run the benefits bill will be reduced. More forced sales will lower prices and inevitably rents.

sophievenusdoom

poppy10 wrote: »

If you genuinely believe that large companies like Sainsburys and Tesco are only employing people under the age of 22 (the cut off for the lower minimum wage), then you should be pursuing them for age discrimination.

I would have to agree. Our local Sainsbury's has a wealth of young and old, and even a transsexual who is a friend of mine. They seem to be a pretty open minded employer!

sophievenusdoom

mbeast wrote: »

This is true but if I was aloud the same towards my Mortgage as I would be towards renting somewhere then I wouldn't have a problem with the new government payments towards those in my situation.

I believe it should be they pay interest up to the housing benifts level to home owners as they would get if in rented accommodation, If the interest part of the mortgage is less than that level then you only get paid the lower amount, if its higher then you then only get paid at the new interest rate they are now willing to pay up to.

That alone would save a fair few from being in this problem of possibly losing there homes to possibly ending up in rented accommodation that could or will end up costing the government and the tax payers more in the long run.

It is a tough situation, but it is what it is. If they are not offering it, then you might be forced to move into a rented place.

We could all come on here and complain about our lot in life, but we have to get on with it. I am by no means flush, but am fortunate to have a job (albeit not a well paid one - and my other half is only on minumum wage). And when we do decide to have a baby, we won't be asking for any state handouts (well, apart from the working tax credits that we are entitled to)!


[QUOTE=mbeast;37090574there are 3 supermarkets near us and my wife has applied there for that job as well as others like checkout operator and got turned down for all of them, most likely the job went to a younger person that they can pay a lower minimum wage as oppose to her ability to do the jobs.

Its a great shame as I know how hard she tries. [/QUOTE]

As I said in a subsequent post, my local Sainsbury's employs young and old, but as another poster commented, if you genuinely believe that she was refused the job because of her age, there are avenues you can go with that as well. However, I would say your immediate predicament should gain all of your attention

mbeast

sophievenusdoom wrote: »

It is a tough situation, but it is what it is. If they are not offering it, then you might be forced to move into a rented place.

We could all come on here and complain about our lot in life, but we have to get on with it. I am by no means flush, but am fortunate to have a job (albeit not a well paid one - and my other half is only on minumum wage). And when we do decide to have a baby, we won't be asking for any state handouts (well, apart from the working tax credits that we are entitled to)!

I only want help to a fair level the same as you will want what tax credits allow you, the difference is tax credits are paid to a level to what you earn in comparison to how many children you have.
Payments towards a Mortgage if unable to work is not the same as payment to someones rent.

Its a joke that I've paid taxes for years but I'm not entitled to the same level of help towards my mortgage as someone that's never worked to pay there rent which is what my gripe is about.

sophievenusdoom

mbeast wrote: »

I only want help to a fair level the same as you will want what tax credits allow you, the difference is tax credits are paid to a level to what you earn in comparison to how many children you have.
Payments towards a Mortgage if unable to work is not the same as payment to someones rent.

Its a joke that I've paid taxes for years but I'm not entitled to the same level of help towards my mortgage as someone that's never worked to pay there rent which is what my gripe is about.

I do understand your plight, but there isn't much we can do about it on here unfortunately, but you never know your luck. Euromillions is a rollover this week - £85m