Support for mortgage interest benefit cut by thousands of pounds

StevieJ

C_Mababejive wrote: »

Why should Government pay mortgages? If you cant pay,you need to negotiate a deal with your lender or put a for sale sign in your garden.

And claim for the rent instead ? yes OK

PasturesNew

AD9898 wrote: »

It's bad enough that savers are being shafted in order to keep the over extended afloat, for the taxpayer to be putting their hand in the their pocket as well is a disgrace.

And to think that a few on here believe that house prices are at affordable level, the two issues I've mentioned above just show ignorant with vested interest they are.

That bit hurts me. The income I'd expected from my savings would have paid basic rent and basic bills on a basic flat in a basic area. But it's all gone. This has lead to me being over-cautious with all other expenditure to the point where I daren't/hate spending a penny that's unnecessary.

At times, my income's been equivalent to about £10k/year, theoretically qualifying for WTC, but being disallowed because of their guesstimate of how much interest I'd be getting, which is some crazy high figure they work off.

My fund is my house money. There's no more to go into it. There'll be no mortgage for me in the future. What's there's there, so I can't dip into it. So I just cut back and back and back, cutting my cloth to my current (this month's) income all the time.

AD9898_2

PasturesNew wrote: »

That bit hurts me. The income I'd expected from my savings would have paid basic rent and basic bills on a basic flat in a basic area. But it's all gone. This has lead to me being over-cautious with all other expenditure to the point where I daren't/hate spending a penny that's unnecessary.

At times, my income's been equivalent to about £10k/year, theoretically qualifying for WTC, but being disallowed because of their guesstimate of how much interest I'd be getting, which is some crazy high figure they work off.

My fund is my house money. There's no more to go into it. There'll be no mortgage for me in the future. What's there's there, so I can't dip into it. So I just cut back and back and back, cutting my cloth to my current (this month's) income all the time.

I feel for you PN, there is no justice when decent, prudent and conscientious people like yourself have been rolled over for the sake of the f eckless, the ignorant and the greedy.

I just hope justice is served for you one day.

silvercar

Would it be fair to give claimants their mortgage interest upto their LHA limit?

(Dunno really, just thinking aloud of a way to be fair to those with mortgages given that those renting get supported.)

carolt

silvercar wrote: »

Would it be fair to give claimants their mortgage interest upto their LHA limit?

(Dunno really, just thinking aloud of a way to be fair to those with mortgages given that those renting get supported.)

If the amount they'd get in rent is less than their mortgage interest costs, then yes, that would seem a possible compromise?

Not thought it through either.

ukcarper

Where I am LHA 2 bed £747 per month, 2 bed house £150,000 interest at 3.63%, £454 per month what would rather your tax paid for?

damanpunk

God I really hope some of you people on here never fall on hard times. Not that it'll happen though because you all have £100k in savings and could never be that stupid.

PasturesNew

AD9898 wrote: »

I feel for you PN, there is no justice when decent, prudent and conscientious people like yourself have been rolled over for the sake of the f eckless, the ignorant and the greedy.

I just hope justice is served for you one day.

I couldn't afford to run my house, so I sold it. I didn't know there'd be a big bailout where I could have sat there in the lap of luxury

I did what I thought was "the right thing". I didn't like the house either, but that's all part of the decision making. But, I decided to get out as I couldn't afford it - because at the time they said interest rates were going to go up and up ......

PasturesNew

damanpunk wrote: »

God I really hope some of you people on here never fall on hard times. Not that it'll happen though because you all have £100k in savings and could never be that stupid.

My life's been mostly hard times, I never expected anybody to roll along and say "hey - I'll pay your mortgage"... it's always been down to me to do everything and pay for everything.

I've made the most that I could from situations I found myself in, but I didn't come from any group of people that thought they'd be supported and paid for, forever.

JonnyBravo

Graham_Devon wrote: »

£925m

Should pay the bill for MP's lunches.

Sorry....£9.25bn I believe. All the 0's made my eyes go funny.

Oh dear. Devonian economics at it's finest.
Sorry... at it's worst I believe. All the usual guessing and blundering made my eyes go funny.



You sure you don't want to stick with your first guess?
Do you know how many 0's are in a billion?