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Interest on mortgage payments

lourenrob
lourenrob Member Posts: 1 Listener
Hi  does anyone know if   labour intend to reverse  decision to stop paying interest on mortage payments on the 5 April 2018 help I'm a pensioner and will probably have to sell pay off debts and go into costly private sector 

Comments

  • JennysDad
    JennysDad Member Posts: 2,299 Disability Gamechanger
    Hello @lourenrob, and welcome to the community.
    Sadly, I don't have a direct answer to your question - there's no way of knowing for sure what any party will do (and I'm assuming you're referring to the Labour party here) until they are in power. I am deeply saddened to read of your situation and am still wondering what on Earth has become of the country i was born into.
    It might help to get in touch with one of Scope's benefits advisors https://community.scope.org.uk/categories/ask-a-benefits-advisor
    and I am sure other members will be along to offer you advice in due course.
    Warmest best wishes to you,
    Richard

  • Pippa_Alumni
    Pippa_Alumni Scope alumni Posts: 5,798 Disability Gamechanger
    Hi @lourenrob, and welcome!

    As Richard says, there's no way of knowing what a party do or don't intend to you. However, you may like to check out this guidance on mortgages for disabled people on Scope's website.
  • Matilda
    Matilda Member Posts: 2,610 Disability Gamechanger
    edited January 2018
    It's noticeable that the Labour leadership haven't spoken out against the transfer of mortgage interest benefit payments to loans.  Though a pensioner would not have to pay back the loan until the property was sold.  

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