× Members

mortgage interest

More
12 years 9 months ago #58244 by jarnold
mortgage interest was created by jarnold
Hi everyone

Reading the government website on financial help it states that the mortgage interest help is normally the same amount as housing benifit if you were renting, is this right ?
my help was cut and i now pay £200 a month out of what i have left, i know alot are in the same boat , but it wouldnt make sense that i could rent a house and get help for the full amount which would mean i have to move from a house that has been adapted to my disabilities to a normal house for the sake of £200 a month ....any ideas ???
Thankyou....

Please Log in or Create an account to join the conversation.

More
12 years 9 months ago #58248 by Gordon
Replied by Gordon on topic Re:mortgage interest
Jazzie

There are a variety of circumstances as to when mortgage interest is paid by the government, and for how long.

I'm not aware of there being any connection to what might be payable for social housing.

Gordon

Nothing on this board constitutes legal advice - always consult a professional about specific problems

Please Log in or Create an account to join the conversation.

More
12 years 9 months ago #58250 by jarnold
Replied by jarnold on topic Re:mortgage interest
Thank you

i am on dla high mob, midle rate care, also incap, husband is my carer but is now also on incap benifit due to heart problems and other issues with health, is there still a two year limit on how long they help with mortgage ?

Please Log in or Create an account to join the conversation.

More
12 years 9 months ago #58251 by Gordon
Replied by Gordon on topic Re:mortgage interest
jazzie wrote:

Thank you

i am on dla high mob, midle rate care, also incap, husband is my carer but is now also on incap benifit due to heart problems and other issues with health, is there still a two year limit on how long they help with mortgage ?

I believe that there is a two year limit for those on contribution based benefits such as IB, see here .

If you need a definitive answer, you should seek advice from your local CAB or Welfare Rights office, as there may be factors that we are not aware of on the fourm that could affect your payments.

Gordon

Nothing on this board constitutes legal advice - always consult a professional about specific problems

Please Log in or Create an account to join the conversation.

  • pete17971
12 years 9 months ago - 12 years 9 months ago #58311 by pete17971
Replied by pete17971 on topic Re:mortgage interest
jazzie wrote:

Hi everyone

Reading the government website on financial help it states that the mortgage interest help is normally the same amount as housing benifit if you were renting, is this right ?
my help was cut and i now pay £200 a month out of what i have left, i know alot are in the same boat , but it wouldnt make sense that i could rent a house and get help for the full amount which would mean i have to move from a house that has been adapted to my disabilities to a normal house for the sake of £200 a month ....any ideas ???
Thankyou....



Hi,

As Gordon says above, do seek individual advice regarding your circumstsances.

However I tihnk you are making the inference reference to the lower rate of mortgage interest vice Housing Benefit/Local Housing Allowance and the possibility of moving into rented property and claiming Housing Benefit/Local Housing Allowance.

Should someone who owns a house sell it, then try to claim Housing Benefit, then any capital one recevies from the sale of the house (or even rental income if they rent the house out instead of selling it) would be included in the calculation for Housing Benefit/Local Housing Allowance and thus lower or negate any Housing Benefit/Local Housing Allowance one attempted to claim.

The capital/income would also be subject to the disposal of capital rules so the capital could not just be given away in order to claim HB/LHA.

If one has capital from the sale of the property of over £16k then no Housing Benefit/Local Housing Allowance can be claimed. If one has capital over £6k then housing benefit/Local Housing Allowance will be reduced accordingly upto the £16k point where HB/LHA would cease to be paid.

Also bear in mid that over the coming months, Local Housing Allowance (payable if renting privately as opposed to renting Social Housing) is being cut from paying the median (middle) rent for an area to the lower 30th percentile (the lowest 30% of rents in a given area). Hence there could be a significant shortfall to make up between any Local Housing Allowance paid and the actual rent.

As for Socal Housing to rent, if you could even get onto a waiting list, you could be waiting many many years for suitable properties to become available and again any capital/rental income would be taken into account potentially negating claiming Housing Benefit.

Hence it is not just a straightforward case of selling ones house to rent another and claiming full Housing Benefit/Local Housing Allowance. The system doesn't work like that.

Pete
Last edit: 12 years 9 months ago by pete17971.

Please Log in or Create an account to join the conversation.

More
12 years 9 months ago #58331 by chuck
Replied by chuck on topic Re:mortgage interest
hi i also had this problem they only pay £80.00 to my mortgage so i have to find £280 which i carn't so house will be repossessed .
so i will end up in private rent but they will pay £550 for that no problem so they £190 worse off whats the point in that.

Please Log in or Create an account to join the conversation.

Moderators: GordonGaryBISCatherineWendyKellygreekqueenpeterKatherineSuper UserjimmckChris
We use cookies

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.