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Ash
Ash, Solicitor
Category: Law
Satisfied Customers: 10916
Experience:  Solicitor with 5+ years experience
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mortgage

Resolved Question:

Can i get help with my mortgage,I'm 64,unemployed ,receive 20p Pension Credit with an outstanding mortgage of £170,000 ..£1163.87 per month I have a private pension of£800 per month tax credits of £62.87 p.w. for my grandaughter and related child benifit ,soon to stop ,with no other income.

Submitted: 2 years ago.
Category: Law
Expert:  Ash replied 2 years ago.
Alex Watts : Hello my name is ***** ***** I will help you with this.
Alex Watts : For now please let me know what you want to know about this?
Customer:

I am asking if I am entitled to any help with my mortgage repayments ,as i've said I am unemployed and receive minimum amount Pension Credit.,my private pension of £800 p.m is my only income.I was previously receiving child related benifits for my grandchildren which will cease 25/1/2015

Alex Watts : In short you can't afford the mortgage repayments. Is it interest only or repayment?
Alex Watts : what is the interest element if repayment ?
Customer:

Its repayment ..4.74%

Alex Watts : I assume you are retired?
Alex Watts : Did you not realise you might be able to take it back when you took it out?
Customer:

Well yes ,I will start to receive state pension this november

Alex Watts : How long have you been retired for?
Alex Watts : ok
Alex Watts : Its bad news I am afraid.
Alex Watts : Sadly you can't get benefit to help with this.
Alex Watts : If you had been unemployed, looking for work then the state may pay the interest element of the mortgage.
Alex Watts : However as you have retired the state is not going to do this.
Alex Watts : Therefore sadly the onus is on you to pay it. So therefore I am sorry to say you can't get a benefit for this.
Alex Watts : It may be that the lenders can extend the term or make it interest only to Lower the payment
Customer:

I havent worked since 2009.Iwas receiving JSA but it then changed to Pension Credit

Alex Watts : I am sorry if this is not the answer you want and certainly not the one I want to give you, but I have a duty to be honest.
Alex Watts : Yes sadly there is no benefit.
Alex Watts : Can I clarify anything for you about this today please?
Customer:

Could you tell me about SMI which is to help with housing as I receive pension credit am I entitled

Customer:

Can you clarifyDid you not realise you might be able to take it back when you took it out? please

Alex Watts : You are possibly entitled to SMI
Customer:

how would i qualify

Alex Watts : It is only help towards interest so you would still have to pay the capital nack
Alex Watts : back
Alex Watts : You must be getting one of the following benefits to qualify for Support for Mortgage Interest (SMI):
Alex Watts : Income Support, or income-based Jobseeker’s Allowance, or income-related Employment and Support Allowance, orPension Credit
Alex Watts : You must apply for it at the job centre.
Alex Watts : So they may help toward the interest costs but not capital repayment. You would be responsible for that.
Customer:

I receive Pension Credit ,is that sufficient

Alex Watts : Yes it should be. But you need to apply at the job centre
Customer:

I was intending to phone Pension Credit on Monday ...would it be possible to apply on line at job centre

Alex Watts : that I don't know.
Alex Watts : For more information please go to
Alex Watts : https://www.gov.uk/support-for-mortgage-interest/overview
Customer:

think i've already been there but many thanks

Ash and 3 other Law Specialists are ready to help you
Expert:  Ash replied 2 years ago.
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