­
Welcome, Guest
Username: Password: Remember me

TOPIC: The DWP won’t budge an inch on a notorious policy

The DWP won’t budge an inch on a notorious policy 09 Jan 2019 23:43 #12731

  • TheFinnster
  • TheFinnster's Avatar
  • NOW ONLINE
  • Platinum Member
  • Posts: 852
  • Thank you received: 1518
The Department for Work and Pensions (DWP) has said that it’s refusing to change its position on a controversial policy. Once again, it’s in relation to Universal Credit.
The DWP: cutting again

Support for Mortgage Interest (SMI) used to be a welfare entitlement. It covered the interest payments on people’s mortgages, up to £200,000, when they were unable to work. Former chancellor George Osborne announced in 2015 that it was going to be stopped. The DWP ended the benefit on 6 April 2018.

Now, people can take out an SMI loan from the government. But there are catches to this. It will only pay a person’s mortgage interest up to a rate of 2.61%. Also, it being a loan, the claimant has to pay it back – with interest set at the government borrowing rate, which goes up and down.

But a question from a Labour MP exposed that the DWP is unwilling to give way on another controversial aspect of SMI loans: the 39-week waiting time.
Asking questions

On 4 January, Labour’s Grahame Morris asked the DWP if it would:

reduce the number of weeks required for a claimant to be in receipt of universal credit in order to be eligible for support for mortgage interest payments.

www.thecanary.co/uk/analysis/2019/01/09/the-dwp-wont-budge-an-inch-on-a-notorious-policy/
#KeKLivesMatter
The administrator has disabled public write access.
The following user(s) said Thank You: comply or die, Verc

The DWP won’t budge an inch on a notorious policy 10 Jan 2019 08:42 #12739

  • Paul-UB40
  • Paul-UB40's Avatar
  • OFFLINE
  • Administrator
  • Posts: 2851
  • Thank you received: 2598
From Past, Very Painful & Expensive Experiences,
WHY THE HELL Would anyone Want to Buy in the First place, :(
Its only in the UK, Australia, NZ, And Rich Family's in the USA that Buy Property,
The Rest of the World RENTS, I would NEVER Advise anyone to Buy ! :ohmy:

"Its Better to Rent then Buy"
The administrator has disabled public write access.
The following user(s) said Thank You: comply or die, TheFinnster, Verc

The DWP won’t budge an inch on a notorious policy 10 Jan 2019 12:31 #12749

  • comply or die
  • comply or die's Avatar
  • OFFLINE
  • Platinum Member
  • Posts: 2724
  • Thank you received: 3286
I would definitely buy a small property IF I could afford to Paul because it means I would always have a permanent roof over my head even if I couldn`t afford the bills! Council tax always has to be paid though as it`s a prison sentence if you don`t. Which staggers me since thousands get let off paying this tax for a number of reasons. One being they can`t be found or contacted?

It`s a hellish tax and one that should be scrapped and reformed and not paid due to the number of bedrooms a house has etc....a bit like the bedroom tax only this is another bloody joke.

Renting definitely has it`s perks. Gas servicing is free, all house repairs are free, some outdoor things will be fixed too. But renting for me falls flat due to the housing element part and UC being introduced. :( Many social houses were sold off by Thatcher, which now means barely any rented houses left to go around. That`s the legacy of allowing Tory governments in to squeeze everything out until it`s dead. May is not doing anything differently except helping those who CAN afford to buy to do so.

I would only buy a house if I had the total amount of cash to buy it. I would never take out a mortgage it`s just far too risky.
The administrator has disabled public write access.
The following user(s) said Thank You: Paul-UB40, TheFinnster, Dizzy, Verc

The DWP won’t budge an inch on a notorious policy 10 Jan 2019 13:58 #12756

  • Paul-UB40
  • Paul-UB40's Avatar
  • OFFLINE
  • Administrator
  • Posts: 2851
  • Thank you received: 2598
Have had a Quick Property Check "On-Line" ; Cheapest area in UK is South Wales Valleys B)
OK Thats the Plus Points;
Lowest Price local to my area £20,500.00; 2 Bed "Old" cottage down a muddy track, 2 Bedrooms, Well in back Garden,
Outside Toilet & Cesspit; NO Mains Water, Gas, Electricity. :ohmy:
I know the Place, there is No mobile phone signal as well.
Had a look in my Shoe Box, and im just £20,490.00 Short of the asking price.

Terrace Houses in Village are around £70,000 Mark, Down in Cardiff, lowest Price is around £200,000
Nope think I will stick with Renting. B)
The administrator has disabled public write access.
The following user(s) said Thank You: TheFinnster, Verc

The DWP won’t budge an inch on a notorious policy 10 Jan 2019 17:30 #12768

  • Verc
  • Verc's Avatar
  • OFFLINE
  • Platinum Member
  • Posts: 337
  • Thank you received: 699
I agree with c o d that buying right out is good option as no matter what s h i t you may end up in you still have your home and can then pass it on to one of your offspring too giving them a good hand up in a difficult world - I won't be getting either of my parents' spots though. I keep watching the tour de France on the lookout for a derelict chateau which we could repair and maintain our own vineyard but in the meantime try to be realistic.

After that it is mortgage city and there will be continuously less and less people able to go down this route as job security becomes a thing of the past. The real impact in the housing sector has yet to happen believe it or not - we are just at the start of a downward trend that could last centuries as I do not see any sign of recovery on the horizon and it would take more than one or two new industries the equivalent of shipbuilding or mining on a grand scale.

It may be feasible to save up with the introduction of a UBI but that too is a faint hope.

So unless I win a lottery (unlikely as I do not enter them atm) I have two choices: rent or be homeless in other words no choice at all.

Free repairs is of course great - that is as long as you have a landord who understands the value of upkeep and not one of those idiots who seem to believe you can fill a place with a bunch of inexperienced students and it will just take care of itself - toilet blocked after the first party etc. Had three different cases of water damage at my previous place and this must have contributed to it being sold for a lot less than the initial asking price and the damp would have needed serious treatment for it not to have recurring issues. I try not to imagine how I would have coped had that flooded cellar I had the pleasure of baling out with a bucket as it literally poured in through a burst old mains pipe curtesy of nthell when they wired my neighbours up and for which the water board wouldn't acknowledge or send anyone out for until mid morning - having to pay for repairs on top of that whilst having a mortgage at a time with no work... .

IMHO council rented is the best way if you are lucky enough to get offered a place especially since many local authorities have had a series of upgrades (albeit cladding being one worrying aspect for some people and you get what you are given with little choice).

Housing association might be a better standard of living in many cases (particularly less aggressive/nuisance neighbours) but how secure is this if you lose your home due to loss of entitlement to disability benefits and how long do you wait to get something simillar again?

Well at least UC has simplified this for us :evil:
ESA Appeals Veteran
The administrator has disabled public write access.
The following user(s) said Thank You: TheFinnster

The DWP won’t budge an inch on a notorious policy 10 Jan 2019 18:45 #12771

  • evander
  • evander's Avatar
  • OFFLINE
  • Junior Member
  • Posts: 31
  • Thank you received: 48
The biggest problem with owning your own home outright is anybody you owe money to for example the gas,electric,water companies etc or basically anybody you owe money to can apply for a charging order via the county courts to be put on your home and once it is in place they can go back to the court and ask for an order of sale if you haven't paid what you owe so owning your own home is great provided you can afford to keep fully upto date with all the expenses that owning a home involves
The administrator has disabled public write access.
The following user(s) said Thank You: TheFinnster, Verc
­