Question about IS and my mortgage

[norksinmywaistband]

Have been on entiltled to. com and it says I will receive an amount of IS which included an estimated amount for interest of mortage which would be paid after a certain time span.
Does this means that initially I would not get that much???

I know I need to go to CAB, but just trying to understand things a bit first

you have to wait i think its 34 weeks (thereabouts anyway) from the date of your claim before your mortgage will be paid.

and you only get the interest paid up to 100,000.

So I will recieve less than the estimate then..... Oh shit, how on earth am going to keep the mortgage going, Am on fixed rate tie in til september, so am unable to negotiate paying interest only with the bank....
If I make an appointment, do you think they will let me out of this mortgage deal early to prevent default??

First, I'd go to the local jobcentre and ask to see a Lone Parent Advisor.

They are brilliant, they will sit down and work out exactly what you will get there and then in terms of benefits.

And help you fill out the forms and more importantly make sure that you claim for everything you are entitled to.

Then... if Im right and you wont get anything towards mortgage payments for a while, I'd make an appt with your bank manager and then ask him to either...

• defer the interest for a bit, or

• ask him if you can borrow a bit more on your mortgage (basically the amount that you will need until benefits kick in to pay the interest).

I'd point out that its not in their interests (from a publicity point of view or practically) for them to repossess a lone parent on benefits and that you are being proactive in trying to solve the problem.

Also, that by the time they've taken you to court, you'll be able to start paying again.

Thanks MM will make the appointments in the morning

good luck. hope it goes ok...

hi - just noticed this one - how'd you get on?

there was an piece on radio 1 today - someone in a similar position - pointless fees to pay to get out of fixed rate.

IS paid my interest when claiming, isnt easy, wouldnt go down that route again.

it's recently changed - it's now 13 weeks (iirc) until you can claim the interest amount and I think the amount has gone up too.