Help with mortgage

Cherokee_2

I know people who rent get help with rent when they go on benefits, does this also apply with a mortgage? This is for a single parent who isnt claiming anything at the moment other than maternity leave but will probably claim wtc at some point (when she gets herself together)

TOBRUK

There is help with mortgage interest payment eventually. I have a mortgage and when I became ill and had to leave work I had to wait almost a year before getting help with this but you still have to pay the mortgage.

I am sure someone will be along who will know the rules better than me, I find it very complicated.

minimadtrix

I maybe wrong but I think you only get help with the mortgage interest if you are on Income Support. But like TOBRUK, I'm sure someone with more knowledge will come along shortly

Cute_'n'_Quirky

ISMI - is paid to folks on Income Support.

It only pays the interest on the first £!00K of the mortgage and at a set % rate.

It depends on when the mortgage was taken out - before or after October 1995


Mortgage Interest

You may also be entitled to help from the DSS with payment of the mortgage interest if you are out of work or on a low income, via Income Support, also, Pension Credits now pay mortgage interest for people over 60.

You should check with the DSS or Pension Credits to find out if you are entitled to extra help in paying your mortgage. The benefits agency normally pay in the case of loans taken out before 2nd October 1995. They will normally pay the interest on loans for the purchase, repair or improvement of the home. They will not however pay the capital element of the monthly loan repayment or the premiums for any endowment or life policies.

However the benefits agency will pay nothing for the first 8 weeks and then 50% of the mortgage interest for the next 18 weeks, followed by the full housing costs after 26 weeks.

For loans taken out after the 1st October 1995 nothing is paid for the first 39 weeks, but then the full housing costs are paid after 39 weeks, or in the case of a single parent or carer the full housing costs are paid after 26 weeks.


Given the circumstances it may be best to claim WTC.