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  • FIRST POST
    john60
    Housing benefit
    • #1
    • 20th Oct 08, 10:13 AM
    Housing benefit 20th Oct 08 at 10:13 AM
    Hi all, can anybody tell me if i am being paid enough housing benefit,i finished work at 60 due to ill health i have a mortgage of 59,000 (interest only) but have been told because i remortged in 2006 i will only be paid interest on 37,000 i am on pension credit with no savings i receive 183 housing per month before the base rate cut and my mortgage is 2559interest only) per month if it is true that housing benefit is paid at 1.5% above bank of england base rate is the ammount correct----the funny thing is that somebody in the same circumstances as me down the road---- because they rent they get their full rent paid 480 per month if you have a mortgage the benefit goes down as the base rate decreases but the mortgage lenders don't lower theirs leaving mortgage holders to pay the difference,which is hard when on a fixed income thanks John
Page 1
    • zzzLazyDaisy
    • By zzzLazyDaisy 20th Oct 08, 5:44 PM
    • 12,134 Posts
    • 18,762 Thanks
    zzzLazyDaisy
    • #2
    • 20th Oct 08, 5:44 PM
    • #2
    • 20th Oct 08, 5:44 PM
    Hi, you might get more replies if you post your question on the Benefits Board

    Regards

    Daisy x
    I'm a retired employment solicitor. Hopefully some of my comments might be useful, but they are only my opinion and not intended as legal advice.
    • cw18
    • By cw18 21st Oct 08, 6:57 AM
    • 8,082 Posts
    • 86,085 Thanks
    cw18
    • #3
    • 21st Oct 08, 6:57 AM
    • #3
    • 21st Oct 08, 6:57 AM
    Mortgage Interest from the Benefits Agency is Base Rate + 1.38%

    As to whether or not you can get help with the remaining 22,000, that depends on why you remortgaged. If it was to pay off other loans (or buy a car/take a holiday), then no you won't get help with it. But I believe that if you took the extra to adapt the property to make it suitable for a disability, then they can/might help with it.

    When you applied for the help they should have sent you a small pamplet (green coloured as best I recall), which has all the rules in it. I was going to tell you the pamphlet number, but have just discovered mines no longer where it should be...... so will have to have a look for it later (and will post the number here if I locate it)
    Cheryl
  • jehane
    • #4
    • 22nd Oct 08, 4:32 PM
    • #4
    • 22nd Oct 08, 4:32 PM
    I think it's base rate + 1.58%.

    And yes mortgage holders are much worse off than those that are renting its very unfair.

    Was any of the remortgage for essential repairs/works to the house, in which case these should be included if you have receipts for any works.
    Last edited by jehane; 22-10-2008 at 4:37 PM.
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