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IB and mortgage vs CBESA mortgage

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12 years 9 months ago - 12 years 9 months ago #85256 by pusscatsmum
IB and mortgage vs CBESA mortgage was created by pusscatsmum
Well here goes.
I know this is not part of what the site is about, however I believe it is important for other factors.
When on IB one could use the benefit as an income towards a mortgage/loan etc.
Now as it is CBESA and time restricted unless in SG, however that is a no longer a forever as we now can be assessed from 3mnths to 3 year intervals, obtaining a mortgage/loan etc, one can no longer use that as a base income, moreover the same will apply to anyone that goes into PIP.
This will affect many people who were able to use their benefits to assist in remortgaging their houses if they had to put in any disability adaptions for example. You will no longer be able to use these benefits for such things.
This now is effectively stunting growth in the economy and barring those on low incomes getting loans or mortgages etc.
Last edit: 12 years 9 months ago by slugsta.

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