Support for Mortgage Interest

[Deleted User]

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 idea behind it is that the government did not want to buy peoples houses for them ( long term benefit claimants) and i think assume that because you have an asset that can be realised ( unlike renters) you have the option to see and move into rented property

It was 39 weeks for many years, then it was reduced to 13 weeks which was always meant as a temporary measure.
OP you need to speak to your lender there are many ways they can help, including a period of paying interest only or even a short payment "holiday", the last thing they will want to do is a repossession, BUT you must speak to them

[Deleted User]

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.

It's called national insurance don't ya know ?
When we can work we pay in, as do our employers, when we can't work we get help.
Its quite a good system as it goes.

Lioness_Twinkletoes

kayn123 wrote: »

didn't get any

Didn't get any what? Redundancy? If not, why not? Did you have any insurance in case of redundancy?

If you truly have no method of making your mortgage payments you need to do the following:

• Call your mortgage company and explain the situation. See if you can move to an interest only payments for now.
• Start selling stuff. eBay, sell the car, anything that might bring in some income.
• Re-double your efforts to find a job. Do you have a partner and do they work?

If all else fails you'll need to sell the house - you should have significant equity and can maybe downsize or even move to a cheaper location and look to either buy something smaller outright or rent.

Don't waste your time with pointless petitions, instead look to help yourself as much as possible.

Edit: Having had a quick look at previous posts, it appears you were unemployed in 2012 & 2013 and now again in 2017. That would explain the lack of redundancy as the longest you could have been in post is 3 and a bit years. Personally, I'd be getting the property on the market asap.

Thomas_The_Tank_Top

Densol is on the bennies. She is pulling in over 50K per annum.

Work does not pay. The meek will never inherit the earth.

My sister only has one arm (born without). She retires in a few years, and has had a job all her working life. She was refused a Blue Badge, a few years ago. Said she wasn't disabled.

Didn't feel the need to whinge like people on this board do. Especially for all those who take it all, and contribute nothing.

WillGoodfellow

rockingbilly wrote: »

I'm confused, how does the fact that being disabled or sick mean that they get a 'free house'?

It doesn't. The best thing to do is ignore the idiot.

WillGoodfellow

kayn123 wrote: »

If I was living in a rented house I would get my rent paid immediately and my council tax. So at least I would have a roof over my head.
This is a sorry state of affairs when those who have worked and paid there taxes for over 30 years cannot get help.

If you were living in a rented house you might not necessarily get all the rent paid and would have to top it up out of other income, the same with council tax, most benefit claimants do not receive full council tax reduction and have to pay an amount from other income.

parkrunner

Why didn't you have mortgage protection insurance? It really isn't that expensive.

rockingbilly

Savile wrote: »

Free house,

For many years people have been claiming SMI and if your mortgage rate is below 3.12% all your payments will be paid and some, alot of people had 1% above base rate trackers so are getting 1.5% in equity paid thus paying of the whole house. This problem was alot worse when it was over 6%. So yes people do get free houses. I know of at least one.

It must have been a small mortgage.

But then what you describe is only one side of the swing. Some were having to pay more interest than what they were getting under SMI. Swings and roundabouts.

Anyhow this will be resolved as from next year when the SMI payments plus interest on the SMI will become repayable to the DWP out of the sale of the house.

Ac1961

Of course you do Mr Savile or Andy :money:

rockingbilly

venison wrote: »

It's called national insurance don't ya know ?
When we can work we pay in, as do our employers, when we can't work we get help.
Its quite a good system as it goes.

Yes, in a nutshell that is how it should work.

However in reality it is compulsory & automatic to have to pay in yet when you want to take it out you have no legal and automatic right until you are adjudged as entitled.

This is an interesting subject. I have just worked out that the amount that I paid in the last three year period before retirement will take me nearly six years to get it back by way of my State Pension! Then the annoying bit is that I have to pay tax of 20% on that pension!!