Support for Mortgage Interest

nannytone_2

Savile wrote: »

I am sorry but for some it is a choice as they are far better off on sickness/disability benefits than working minimum wage. And takes away any responsibility or incentive to get better.

Same with all benefit they should be paid back like a student loan.

the idea of disability benefits is that they allow people to live life as much as possible as they would if they were not disabled.

so you want people to pay for being disabled?

how very charitable of you

theartfullodger

Have you checked to see if you might be eligible for any other benefits -
https://www.gov.uk/benefits-calculators

Are you able to
a) sell, downsize, get somewhere cheaper with no/smaller mortgage??
b) rent out a room/rooms? The limit before you need to declare is now £7,500pa...
https://www.gov.uk/rent-room-in-your-home

You've probably seen...
https://www.gov.uk/support-for-mortgage-interest/overview

Should you have difficulties with the mortgage then Shelter, the housing charity, can help - info here...
http://england.shelter.org.uk/get_advice/repossession/mortgage_arrears/tackling_mortgage_arrears
- or their helpline, 0808 800 4444 M-Fri 8-8, all other days (including Xmas day) 9-5. See..
http://england.shelter.org.uk/get_advice/how_we_can_help/housing_advice_helpline

I've been through redundancy, at similar age to you. As I was getting on, not so much energy, I consciously "de-skilled, de-qualified" my CV so I was then offered easier jobs of which there were more, less stringent interviews etc.. Worked OK for a few years: (Now 69, retired... still got mortgages though!)

borkid

nannytone wrote: »

the idea of disability benefits is that they allow people to live life as much as possible as they would if they were not disabled.

so you want people to pay for being disabled?

how very charitable of you

The one person I know who clains ESA would be a lot better off if fit enough to work. What she receives now compared to what she was earning when she became too ill to work is about 1/6 I hate to think what the difference is now.

Just to add there is no help towards paying off the capital on a property just the mortgage interest and even then in some cases not all the interest payments are covered due to how the % rate is calculated.

rockingbilly

nannytone wrote: »

the 39 weeks wait is a fairly recent thing. until last year the waiting period was 13 weeks........the help is now time limited to 2 years now whereas before there was no limit.

The history of the 39 weeks delay goes back further. It was brought in when everyone and anyone decided to strike for any reason. The miners strike did it for the government.
Prior to those days there was no waiting period, no limit on size of mortgage & no limit on the interest rate being charged thus being on strike resulted in the government having to fund mortgage payments from the first day of the strike. The government saw this that there was every incitement to strike as the strikers had their mortgage paid for them.
So the government brought in the 39 week rule to make strikers suffer.
Then in the crash of 2007/8 they relaxed it down to a 13 week delay. Now that we are over that episode and housing/jobs are booming once again, they took it back up to 39 weeks.

rockingbilly

Savile wrote: »

However the sick and disabled still get a free house as there is no limit, A charge should be made on the house to get the money back with interest.

nannytone wrote: »

i agree.
making a charge against the property would be a good move.
it would enable people to receive the help they need, for as long as they need it.

i dont agree with an interest charge though.

in order to have obtained a mortgage, people would have had to prove that they could afford the repayments.

its unfortunate that people lose hobs or become ill/disabled.

it isn't a lifestyle choice

I'm confused, how does the fact that being disabled or sick mean that they get a 'free house'?
I'm both but I still have to pay the mortgage interest ! Can somebody tell me where these free houses are - I want one then I can rent out ours.
As for the help towards the interest being paid being charged against the home, I agree and I also agree that there should be an interest charge equal to what the normal current rate is for County Court debts. Treat the help as a loan not a handout.
I/we have substantial equity in our home and should we be receiving government help to maintain that equity isn't it right that we should be paying the help given back with interest?

Otherwise it could be said that taxpayers are paying to protect someone's capital investment

rockingbilly

nannytone wrote: »

no one would expect that you would WANT to, but circumstances determine what you can and can't afford to do.

Many 1,000's every year have to give up their home that they have part paid for if they can't continue to maintain the mortgage repayments..They have no choice but to start renting.
The same could be said if you had a car on finance that you couldn't continue to afford the repayments - the car goes back.

nannytone_2

rockingbilly wrote: »

I'm confused, how does the fact that being disabled or sick mean that they get a 'free house'?
I'm both but I still have to pay the mortgage interest ! Can somebody tell me where these free houses are - I want one then I can rent out ours.
As for the help towards the interest being paid being charged against the home, I agree and I also agree that there should be an interest charge equal to what the normal current rate is for County Court debts. Treat the help as a loan not a handout.
I/we have substantial equity in our home and should we be receiving government help to maintain that equity isn't it right that we should be paying the help given back with interest?

Otherwise it could be said that taxpayers are paying to protect someone's capital investment

savil has a very distorted view of how the benefits system works and seems to think that being disabled is akin to winning the lottery

thorsoak

kayn123 wrote: »

didn't get any

Hindsight is a wonderful thing!

rockingbilly

nannytone wrote: »

savil has a very distorted view of how the benefits system works and seems to think that being disabled is akin to winning the lottery

Good grief surely not that naïve?

From a financial point of view the only thing that being disabled means is that it costs a hell of a lot more and you receive a hell of a lot less income to pay for that increase.

I went from earning in excess of £100,000 a year in London in the 90's when I was fit and healthy to having to live off contributory sickness & disability benefits topped up by our savings (which were intended for other reasons).

theartfullodger

Savile wrote: »

...............Same with all benefit they should be paid back like a student loan.

OK, fair enuf: I'm in receipt of 6 benefits....
- State pension
- Winter Fuel Allowance
- £10 Xmas bonus
- 'bus pass
- free prescriptions
- free eye tests

MOST people in this country get some sort of benefit: CB, PiP, DLA, CTC, WTC, HB, Pension, JSA, ESA, Sovereign grant etc etc etc

That'll be a huge repayment to the chancellor you'll be expecting, savile...

Please let us know savile, have you never benefited from any benefit? If so, how, pray?

Best regards to all!

PS And of course about half the benefit budget goes on people like me, old people: Don't believe me, see the government figures here...
http://visual.ons.gov.uk/welfare-spending/

The cuts Mother T is charging on with are aimed at the vulnerable, the poor, the unemployed, the sick, etc etc... We need a return to that good old British tradition of share & share alike...