bet u didnt know this re benefits

[loltolhurst]

so if you have a morgage they will pay your interest only. Fair enough no point in chucking people out of homes but tax payers shouldnt pay capital.

but! they pay an average rate at the mo which is:

6.08%!!

so if you have anything under that rate you make a nice tidy profit.

and you wonder why taxes are so high...

[deevlash]

my rate is 1.5% just now, time to retire from work!

[Dupont666]

BUT.... you have to have no money at all aka savings, its a maximum of 200k mortgage and its only for 6 months.

So you really need to be up st creek for this to be your only get out clause

[Adam B]

so if I got made redundant with say £50k payoff I could use that to chip £50k off for mortgage plus my few grand of savings and then get 6% off the state for 6 months while paying 1.5% !?!?


yes, I know I have to live for 6 months on the dole dosh

Edited by Adam B on Friday 24th July 17:22

[loltolhurst]

Dupont666 said:

BUT.... you have to have no money at all aka savings, its a maximum of 200k mortgage and its only for 6 months.

So you really need to be up st creek for this to be your only get out clause

nope ure allowed 16k of savings and not sure of any time limit

[Zod]

I'm pretty sure that is the average rate they are now paying and that they will not pay more than your actual interest charge.

[loltolhurst]

Zod said:

I'm pretty sure that is the average rate they are now paying and that they will not pay more than your actual interest charge.

u be wrong!

[Hedders]

The last time I enquired about benefits, they told me I would need to be on benefits for nine months before they would start making the interest contributions on my mortgage.

I would have been homeless by month four...

[loltolhurst]

Hedders said:

The last time I enquired about benefits, they told me I would need to be on benefits for nine months before they would start making the interest contributions on my mortgage.

I would have been homeless by month four...

its 13 weeks now

[MK4 Slowride]

Adam B said:

so if I got made redundant with say £50k payoff I could use that to chip £50k off for mortgage plus my few grand of savings and then get 6% off the state for 6 months while paying 1.5% !?!?


yes, I know I have to live for 6 months on the dole dosh

Edited by Adam B on Friday 24th July 17:22

Me'iz done dole for 2 weeks like initiitit.

Surprisingly difficult to get by on when when your used to living off a certain amount.

[Quick silver]

I was under the impression that the mortgage interest rule only applied to single, unmarried persons.....or have I been told a pork pie?

[loltolhurst]

Quick silver said:

I was under the impression that the mortgage interest rule only applied to single, unmarried persons.....or have I been told a pork pie?

not sure as the person i know who got this is single unmarried!

[Jasandjules]

I thought that they "only" paid interest on 100k maximum? And that's after 9 months, so I'm not sure how you are expected to fund a mortgage for the first 9 months and thereafter say the next 150k over the 100k they pay... So it seems to be fairly worthless?

[AndrewTait]

Won't pay it for me, I'm single, unmarried, and don't have any savings, and about 7k of credit card and overdraft debts. Will be getting about 12k in redundancy when the company can be arsed to pay me it!

Where have I gone wrong? (This is a serious request!)

[Famous Graham]

Sell your house and stop sponging off everyone else.

Not exactly rocket science.

Have assets? You can sell them and survive.

[Partridge] This country...[/Partridge]

[dickbastardly]

I was laid off from work in Jan this year, i went to sign on for the first time in my life, they wanted to know the ins and outs of a cats asshole before they would give me any sort of money. They even took my wifes student loan as an income!! They decided i should live on the sum of £62 a week!! that is me, mrs bdly and 2 little bdlys
They said they would look at paying the intrest on my mortgage after 13 weeks!
What i dont get is you hear these stories of people saying 'i need to get a job earning 30k a year before i will come off the dole' i am sure if i was a single lesbian turbun wearing 3 legged troglidite i would be laughing!! ok maybe not!!
Sorry rant over.
Andy

[Lurking Lawyer]

Jasandjules said:

And that's after 9 months

It was certainly 13 weeks when I was told about it recently. May have been different as it was being treated as a joint claim involving non-earning spouse though.

[AndrewTait]

Famous Graham said:

Sell your house and stop sponging off everyone else.

Not exactly rocket science.

Have assets? You can sell them and survive.

[Partridge] This country...[/Partridge]

fk you - I've worked ever since leaving university, and never claimed any kind of benefits. (Didn't even get a grant, and paid my own way through uni!) I've worked damn hard to get the things I have, and haven't even got any equity in the house, thanks to this fking government.

I drive an 8 year old car, and have a modest terraced house, and have nothing else of any value, certainly no savings or investments.

As a single bloke, I don't stand a chance of getting a council house, and don't have anywhere else to go.

Why souldn't I be entitled to a bit of help when some st of a company decides they want to cut costs because the government and the banking system have fked up the economy. It's not as though I don't want to work - I've only been out of work for a few weeks, and i'm already bored stless.


When I am working, why should I pay for millions of immigrants, but when I'm in danger of losing the roof over my head,be entitled to nothing.

dickbdly said:

What i dont get is you hear these stories of people saying 'i need to get a job earning 30k a year before i will come off the dole'

Quite agree, however, the problem I have is that with the qualifications and experience I have, no one will touch me for a low paid job in the IT industry, because they feel that I will be off as soon as I get something better. (which is probably quite true.)

Also, for those who feel you should take whatever job is up for grabs, would you be prepared to take a circa £30k pay cut? I certainly couldn't live on the minimum wage these days!

[Famous Graham]

AndrewTait said:

Famous Graham said:

Sell your house and stop sponging off everyone else.

Not exactly rocket science.

Have assets? You can sell them and survive.

[Partridge] This country...[/Partridge]

fk you - I've worked ever since leaving university, and never claimed any kind of benefits. (Didn't even get a grant, and paid my own way through uni!) I've worked damn hard to get the things I have, and haven't even got any equity in the house, thanks to this fking government.

I drive an 8 year old car, and have a modest terraced house, and have nothing else of any value, certainly no savings or investments.

As a single bloke, I don't stand a chance of getting a council house, and don't have anywhere else to go.

Why souldn't I be entitled to a bit of help when some st of a company decides they want to cut costs because the government and the banking system have fked up the economy. It's not as though I don't want to work - I've only been out of work for a few weeks, and i'm already bored stless.


When I am working, why should I pay for millions of immigrants, but when I'm in danger of losing the roof over my head,be entitled to nothing.

My, you're a charmer

My point was, you have assets. You can sell them and survive quite happily.

You might not be cash rich but you have tangible wealth. Why should that be ignored when there are people who don't own their own property.

You possess the means to support yourself WITHOUT government assistance, simply by selling something you already possess.

You might not like the idea, but, frankly, you're not really in a position to take the high ground.

The last time I was out of work, I had to sell my car as I couldn't afford it. By your logic I should have been entitled to a payout to keep it on the road.

Sell the house, then rent somewhere and if you don't have enough money to keep your family sheltered and fed, THEN come back and complain.

Edited by Famous Graham on Friday 24th July 23:59

[loltolhurst]

AndrewTait said:

Won't pay it for me, I'm single, unmarried, and don't have any savings, and about 7k of credit card and overdraft debts. Will be getting about 12k in redundancy when the company can be arsed to pay me it!

Where have I gone wrong? (This is a serious request!)

they should give it you - certainly seems a complex world benefits and what you get seems to change depending on who u talk to. what have they said? theres loads of dedicated websites / companies whos sole aim is to get you benefits - v annoying if its sponging scum but ok if u have genuine reason - sometimes life shafts you and a bit of temp help works out well for everyone in the long term.