some help please re benifits

matty199

seems a fair comment
however i have added during the mortgage term
is that not exceptable

dmg24

matty199 wrote: »

seems a fair comment
however i have added during the mortgage term
is that not exceptable

What have you added, do you mean that you have overpaid? If so, this would normally come from savings and not be ignored for benefit purposes.

matty199

have 200k mortgage on full repayment
money was tight and approached mortgage company to convert martgage to interst only
they said how will you pay it off
i said i have a isa worth 100k and based on this they would only convert 100k to interest only
therefore this is my only means to pay off this portion of the mortgage therefore i would understand this is linked

Mikazaru

In that case I don't think it would be considered to be linked to the mortgage, I'd imagine it would be treated as capital.

dmg24

matty199 wrote: »

have 200k mortgage on full repayment
money was tight and approached mortgage company to convert martgage to interst only
they said how will you pay it off
i said i have a isa worth 100k and based on this they would only convert 100k to interest only
therefore this is my only means to pay off this portion of the mortgage therefore i would understand this is linked

I agree with Mikazaru, the ISA was not taken out to pay off your mortgage, as at the time you took it out you were on a repayment mortgage.