Mortgage assistance on esa with a 137k interest only mortgage - rough idea of help?

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Hello

I'm looking for a rough idea of the mortgage assistance I may get on esa with a 137k interest only mortgage please.
I haven't applied for ESA yet, but will shortly, as I am having to leave my job through long term sickness.

I am trying to plan a little, to try and allieviate some worries, and a rough idea would really help me.

Thank you in advance.
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  • sammyjammy
    sammyjammy Posts: 7,410 Forumite
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    Hello

    I'm looking for a rough idea of the mortgage assistance I may get on esa with a 137k interest only mortgage please.
    I haven't applied for ESA yet, but will shortly, as I am having to leave my job through long term sickness.

    I am trying to plan a little, to try and allieviate some worries, and a rough idea would really help me.

    Thank you in advance.

    You'll need to give a little more info. Firstly the support has a waiting period of 13 weeks so you'll get nothing until that time is up. Are you single? Do you have savings or other income?

    Will you be planning on making your claim before or after Sunday 4th January 2016?

    Are you working full-time and how long have you been employed?

    Have you remortgaged for additional funds since you originally took your mortgage out on your property?
    "You've been reading SOS when it's just your clock reading 5:05 "
  • Hello, and thank you for your response.
    I knew about the 13 week waiting period, but I am looking ahead a little.


    * I am single, and I am currently recieving working tax credits with the disability element if that helps at all.

    * I will have around £4,000 in savings when I apply for ESA.

    * My income is made up of 20 hours employment, and 10 hours a week self employment. My profit for self employment for the last 12 months is £170.00.

    * At todays date, I have been employed for 19.5 months.

    * I have remortgaged twice since the original mortgage was taken out. Once to raise home improvement funds, and once this year to get a better rate. My original mortgage was £125,000.

    * I can wait to apply for ESA after the 4th Jan if that would help me??

    Thank you.
  • I forgot to add to my responses, that I have applied for PIP 9 weeks ago, and I am waiting to hear when I will have an assessment with ATOS.
  • Poppie68
    Poppie68 Posts: 4,881 Forumite
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    Out of curiosity how did you manage to qualify for the WTC disability element without seemingly fitting the qualifying criteria?
  • I did meet the criteria, and Citizens Advice helped me to make the claim.
  • poppy12345
    poppy12345 Posts: 18,079 Forumite
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    I did meet the criteria, and Citizens Advice helped me to make the claim.
    I'm guessing you currently claim DLA and are transfering to PIP?
  • anmarj
    anmarj Posts: 1,819 Forumite
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    Hello, and thank you for your response.
    I knew about the 13 week waiting period, but I am looking ahead a little.


    * I am single, and I am currently recieving working tax credits with the disability element if that helps at all.

    * I will have around £4,000 in savings when I apply for ESA.

    * My income is made up of 20 hours employment, and 10 hours a week self employment. My profit for self employment for the last 12 months is £170.00.

    * At todays date, I have been employed for 19.5 months.

    * I have remortgaged twice since the original mortgage was taken out. Once to raise home improvement funds, and once this year to get a better rate. My original mortgage was £125,000.

    * I can wait to apply for ESA after the 4th Jan if that would help me??

    Thank you.

    https://www.gov.uk/support-for-mortgage-interest

    you may not get help on the home improvements but will depend on what they were for. The Government is very restrictive on that part.
  • Thanks.

    I don't know how to work it out though, which is why I came to ask here. I truly don't mean that in a sarcastic way :)
  • Teahfc
    Teahfc Posts: 1,466 Forumite
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    10 hours a week and profit for self employment for the last 12 months is £170

    Will they not question how you can work 520 hours and only make £170.00 profit that's only 33p an hour. Did you have some high start up costs?
    "Man invented language to satisfy his deep need to complain."


    ''Money can't buy you happiness but it does bring you a more pleasant form of misery.''
  • Darksparkle
    Darksparkle Posts: 5,465 Forumite
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    Mind tell tax credits when you stop working.
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