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  • FIRST POST
    • anonmum
    • By anonmum 29th May 18, 5:25 PM
    • 59Posts
    • 87Thanks
    anonmum
    Benefits and mortgage interest confusion.
    • #1
    • 29th May 18, 5:25 PM
    Benefits and mortgage interest confusion. 29th May 18 at 5:25 PM
    hi,

    I am on income support and have recently started to have mortgage interest paid on the new loan scheme.

    I had a letter today saying the income support I would receive would now drop each week to account for the mortgage interest payment.

    Since I will eventually have to pay back the mortgage interest with interest on top too (unless I have got this wrong...) I will actually be paying back money (and interest on it) on money I could have had without having to pay it back....?

    Have I got this right?

    anonmum
Page 1
    • NYM
    • By NYM 29th May 18, 5:50 PM
    • 3,589 Posts
    • 6,618 Thanks
    NYM
    • #2
    • 29th May 18, 5:50 PM
    • #2
    • 29th May 18, 5:50 PM
    Seems odd, maybe you could call them to double check?

    Is there any possibility you were receiving SMI directly with your IS and as that has now stopped, they've removed it from your payments?

    Sorry I can't be any help
    • NeilCr
    • By NeilCr 29th May 18, 6:03 PM
    • 1,811 Posts
    • 2,440 Thanks
    NeilCr
    • #3
    • 29th May 18, 6:03 PM
    • #3
    • 29th May 18, 6:03 PM
    This is what gov.uk says

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

    From that I'm surprised by what you say. Could you take your letter into CAB or similar for them to have a look

    As a CAB adviser seeing the actual documentation often helps with giving the correct advice.
    • anonmum
    • By anonmum 29th May 18, 6:07 PM
    • 59 Posts
    • 87 Thanks
    anonmum
    • #4
    • 29th May 18, 6:07 PM
    • #4
    • 29th May 18, 6:07 PM
    Sorted now hopefully (rang them), I was late applying for the loan so it had not been added to my incoming money to them be taken off the outgoings (as it says on my letter) But will be added next week...Confusing or what? lol... Will keep an eye on it/them tho! lol thanks for the replys :-)
    Last edited by anonmum; 29-05-2018 at 6:12 PM. Reason: addition
    • jakeys
    • By jakeys 13th Jun 18, 6:27 PM
    • 2 Posts
    • 0 Thanks
    jakeys
    • #5
    • 13th Jun 18, 6:27 PM
    • #5
    • 13th Jun 18, 6:27 PM
    Hiya , I'm new to this but not sure how I actually post a question so I thought I'd ask on here. Is anyone having problems receiving payments to their bank from " Support for mortgage interest " ? This SMI started in May and my bank haven't received any payments since this new SMI started in May . I've rang them and told them and they are gonna look into it and phone me back . I'm having to keep my bank informed as they haven't received any payments since May . Is anyone else experiencing this ? xxxx
    • anmarj
    • By anmarj 13th Jun 18, 6:30 PM
    • 1,648 Posts
    • 1,290 Thanks
    anmarj
    • #6
    • 13th Jun 18, 6:30 PM
    • #6
    • 13th Jun 18, 6:30 PM
    Payments are made four weekly in arrears, but have to get into a cycle first, if you give the relevant benefit a call they can check when it is due out
    Last edited by anmarj; 13-06-2018 at 8:22 PM.
    mummy to one

    "A little knowledge is a dangerous thing"
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