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JSA and Mortgages - Help!
ilovemylittleones
Posts: 6 Forumite
Does anyone know if and why our mortgage company would be informed if my partner started to receive JSA? We don't want JSA on our mortgage file or any credit reference files as surely being unemployed for a period is a red flag? We want remortgage when we are back on our feet. The online application for JSA asked for our mortgage details but it was done over the phone and we said we didn't want help with housing. I don't understand why they want this info and what they will do with it given we don't want or need help with our mortgage. We don't desperately need the JSA money- it's more the job seeking support. Although the money would help and God knows he's paid his taxes - 40 years and never been out of a job! I'd rather not claim it that risk our mortgage!
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Comments
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Is it in case he needs to go from JSA conts to JSA income based and so would be eligible for an SMI loan?
https://www.gov.uk/support-for-mortgage-interest/what-youll-get0 -
If SMI kicks in, then your lender will be sent details of payments etc0
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Your provider will also be required to fill in paperwork for the application process, as DWP would need to know outstanding balance, any arrears etc.0
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The DWP will not inform anyone that you are claiming JSA0
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We don't want or need the SMI loan though? Do they make you apply for it provisionally as part of JSA ? I hope not
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The system at 39 weeks, if you are still on JSA will automatically send out the paperwork for claiming SMI, whicj is why they ask at the inital stages.0
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Partner did the application over the phone in the end. He said he didn't want help with housing and didn't give over his mortgage details. Will he made to give them at the face-to-face interview do you know?0
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First time applying for anything like this and disappointed with the lack of explanation about why they want so much information and what they will do with it. If we go-ahead with the application at any point, ultimately we give them our mortgage details but if it in anyway hampers our remortgage prospects in the future I'll be so upset - not least as we don't want or need CSI loan in the first place.0
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A Mortgage Payment Loan is not given automatically. You would be contacted when you became eligible to discuss any options.0
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